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March 6, 2017

California Catholic high school makes millions from Snapchat investment

St. Francis High School in Mountain View, California turned a $15,000 USD investment in Snap Inc., which went public March 2, into a windfall of at least $24 million USD.

MOUNTAIN VIEW, Calif. – A California Catholic high school did away with future car washes and pizza kit sales March 2 when the $15,000 USD ($20,000) investment it made with Snap Inc., the company that developed the messaging app Snapchat, sold shares to the public and the school stepped into a windfall of at least $24 million USD ($32 million).

Published in International