Snapchat makes school $24 million richer

-

One California high school is millions of dollars richer because of a small investment it made in 2012. 

That’s when the board of Saint Francis High School in Mountain View decided to take a $15,000 risk on a new company named Snapchat. 

In a letter to the school community, high school president Simon Chiu said, "The school's investment in Snap — which this morning announced the completion of its IPO — has matured and given us a significant boost." 

A “significant boost” to the tune of $24 million. That could buy a lot of graphing calculators. 

But the best part is Saint Francis High School still has one-third of its stock remaining.

 

Thanks for the flower crown, Saint Francis. Thanks for the flower crown.

Up Next:


Up Next

  • Snapchat makes school $24 million richer
  • Confederate statue toppled in North Carolina during protest
  • Man accused of ramming protesters pictured with racist group
  • Trump warns North Korea that US is `locked and loaded'
  • Richard Overton taken to hospital for pneumonia
  • Arrest made in search for driver who hit French soldiers
  • Family dog finds help for two Utah girls struck by lightning
  • Trump: Transgender people will not be allowed to serve in U.S. Military
  • Heat causes dough to rise up out of truck, onto highway
  • Trump calls Obamacare "death," urges overhaul