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The "Line" App
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7/14/2016 2:58:01 PM
Posted: 9 months ago
Line is the operator of a Japanese messaging app that's popular in Thailand, Indonesia, Taiwan and Japan. It's slated to begin trading in New York on Thursday and in Toyko on Friday in the largest public offering of any tech company this year.
Picture some combination of WhatsApp, Skype, Twitter (TWTR, Tech30), Zynga (ZNGA), Spotify and Uber, and you start to get a sense of Line's sweeping appeal. The company is expected to raise more than $1 billion from the stock offering, thanks in part to a scarcity of technology companies going public. http://money.cnn.com...
The app hit 50 million users after barely a year, faster than Facebook, and reached 100 million users less than a year after that.
Does anyone have or use Line? Is anyone thinking of investing in Line?