Watch CBS News

Snapchat files for IPO

Name: Snapchat files for IPO
Uploaded: 2017-02-02T21:34:04-0500
Duration: 1 min 13 s
Description: Snap Inc., the parent company of Snapchat, filed for a $3 billion IPO - but warned investors that the company "may never achieve or maintain profitability." Belpointe Asset Management Chief Strategist David Nelson joins CBSN to discuss the company's future.

Snap Inc., the parent company of Snapchat, filed for a $3 billion IPO - but warned investors that the company "may never achieve or maintain profitability." Belpointe Asset Management Chief Strategist David Nelson joins CBSN to discuss the company's future.