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Episode 32: The Snap Inc. IPO
Acquired
The Cost of Revenue in 2016 Was Four Hundred and Fifty Two Million Dollars
Snapchat may be the first company to file for an IPO that has a cost of revenue alone higher than revenue in the trailing 12 months before IPO. It's almost entirely due to, to infrastructure costs. And I think the way that Snap wants you to view this is we are paying a lot of money to stay nimble right now.
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