Mar 3, 2017
Snap hits $40 billion valuation
Snap surged in early trading on Friday, busting through the $40 billion valuation that CNBC's Jim Cramer predicted earlier this week.
The company has around 1.39 billion fully-diluted shares, which meant its shares had to hit $28.78 to reach the (completely arbitrary) magic number. It did so shortly after 11am.