Snap chats Parent Company goes public. Everybody here in the bay area is watching this closely. Daniels is a consultant focused on snap. It may inspire local Tech Companies to get serious. Seeing what happened today could really get boards excited. And if boards in the next couple months start saying, lets be like snap, we could have just a quite a herd of really nice companies, and unicorns heading toward the markets. That would be awesome. Potentially awesome for those companies, what about the bay area economy and housing market, which has been pricing people out for years. One ipo like that could make a difference. Steve has been a realtor in San Francisco for 40 years, and says, tech has changed the market, facebooks Public Offering in 2012, almost doubled the number of Million Dollar listings in menlo park. People make an offer in good faith, and the property gets bid up 20 , very frustrating. Folks do leave the city because of that. Another blockbuster ipo just makes that worse.
Joining us tonight. Two former Stanford University students are multibillionaires. This morning, snap cofoun r cofounders rang the opening bell on the New York Stock Exchange as their company went publ public. The company had even more to celebrate after the closing bell. Snap finished its first day of trading at 24. 48. It managed to rise on a day the rest of the market dropped. The dow fell more than 100 points, the nasdaq dropped by 42. This is the biggest and most expensive American Tech Company to go public since facebook in 2012. Snap isnt a bay area company, its based in venice beach. Kate larson is live to explain how it has an influence on our local tech industry, kate . Even though snap is based in los angeles, it still feels like a Silicon Valley startup, a lot of the investors and people who work there are from the bay area. Which has people wondering if snap may be the end of a years long ipo dry spell. Snap chats Parent Company goes public. Everybody here in the bay area
I know you mentioned that you think the people are gone now. I mean, humanity is really wanting precision and a congressman in that government. And so otherwise we do face a huge rebound in coming. Arguably we already are seeing it. Its an excellent question that is quite the paradox which is to be sent down into any group of voters and asked them what the number one problem in washington, they dont get anything done. Nothing gets done. Totally dysfunctional. They do not think logically. We rationalize about everything we do. Oh, i can have another cookie, i think i walked like 20,000 steps today. Whatever whatever you want to rationalize you can. Thats how i think we are becoming more frustrated with the process than ever and as molly pointed out, we are more polarized than ever at the same time. So that piece of it, and this desire to always be on the winning side, compromise is losing, i think it is seen not just in washington and the way the world works these days. I dont want this
I know you mentioned that you think the people are gone now. I mean, humanity is really wanting precision and a congressman in that government. And so otherwise we do face a huge rebound in coming. Arguably we already are seeing it. Its an excellent question that is quite the paradox which is to be sent down into any group of voters and asked them what the number one problem in washington, they dont get anything done. Nothing gets done. Totally dysfunctional. They do not think logically. We rationalize about everything we do. Oh, i can have another cookie, i think i walked like 20,000 steps today. Whatever whatever you want to rationalize you can. Thats how i think we are becoming more frustrated with the process than ever and as molly pointed out, we are more polarized than ever at the same time. So that piece of it, and this desire to always be on the winning side, compromise is losing, i think it is seen not just in washington and the way the world works these days. I dont want this
I know you mentioned that you think the people are gone now. I mean, humanity is really wanting precision and a congressman in that government. And so otherwise we do face a huge rebound in coming. Arguably we already are seeing it. Its an excellent question that is quite the paradox which is to be sent down into any group of voters and asked them what the number one problem in washington, they dont get anything done. Nothing gets done. Totally dysfunctional. They do not think logically. We rationalize about everything we do. Oh, i can have another cookie, i think i walked like 20,000 steps today. Whatever whatever you want to rationalize you can. Thats how i think we are becoming more frustrated with the process than ever and as molly pointed out, we are more polarized than ever at the same time. So that piece of it, and this desire to always be on the winning side, compromise is losing, i think it is seen not just in washington and the way the world works these days. I dont want this