With Snap Inc. riding a successful IPO this week, company executives likely are calculating what to do with the money that’s pouring in.
[ Related: Snap soars on IPO, now what? ]
The most likely gambit: Looking to make key acquisitions to keep Snap near the top of the social networking world.
“Snap will need to make acquisitions and invest in new experiences so that when they’re no longer the next big thing, they can buy or roll it out themselves,” said Patrick Moorhead, an analyst with Moor Insights & Strategy. “This is how Facebook insulated itself with WhatsApp, Instagram and their new in-house video features.”
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Source: News Feed