Creating Value by Being Tech Savvy
* Snapchat purchased Bitstrips (Bitmoji’s parent company) for $64M in 2016; at the time Snapchat’s daily active users was 122M. In 2017 Bitmoji was Apple’s most downloaded App. In Q2 of 2020, Snapchat recorded 238M daily active users.
** As fashion brands have been lagging with brick and mortar stores, in the last FY Ralph Lauren has increased their number of stores in the US from 224 to 230, and 501 to 530 Globally. YoY revenues fell from $6.31B to $6.16B (FY ending March 28 2020).
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