The biggest news in LA and in tech last week was the much heralded and long awaited IPO for Snap, Inc. Priced at $17 per share the stock closed strongly up at $24 on its first day of trading. If the stock is able to maintain its gains, it represents a significant event in the LA ecosystem as the soon to be “ex-Snap Mafia” begins building their own startups in the city as well as transfers the knowledge in their future endeavors.
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