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Playlist: Technology Trends

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1:42
Bitcoin to reach new highs? — #SaxoStrats
Kay Van-Petersen
21 June 2017 at 10:13 GMT
1:46
Is Snap worth its valuation? — #SaxoStrats
Peter Garnry
03 March 2017 at 9:38 GMT
1:44
#SaxoStrats - Shorting 'out of touch' Nokia
Peter Garnry
03 February 2016 at 13:56 GMT
3:08
Knuthsen: Why central banks have got it wrong
Teis Knuthsen
09 October 2015 at 7:11 GMT
3:05
Garnry: If Apple plays the TV game, will it win?
Peter Garnry
08 September 2015 at 8:13 GMT
1:03
#SaxoStrats - Taking a bite of Apple
Mads Koefoed
22 June 2015 at 9:32 GMT
2:10
Will Music make Apple investors dance with joy?
Marie-Louise Møller
12 June 2015 at 7:02 GMT
3:07
Here’s what to expect from Apple at WWDC 2015
Marie-Louise Møller
08 June 2015 at 7:20 GMT
1:38
Berger: Twitter’s unexpected rebound
Serge Berger
01 June 2015 at 7:13 GMT
3:54
Apple Watch apps, Google's latest buy, Oculus Rift out in 2016
Marie-Louise Møller
07 May 2015 at 13:11 GMT
Video / 03 March 2017 at 9:38 GMT

Is Snap worth its valuation? — #SaxoStrats

Peter Garnry
Snap, parent company to social media service Snapchat, is valued at close to $30 billion following Thursday’s listing on the US stock market. Saxo Bank’s head of equity strategy Peter Garnry weighs up the company’s potential.

It has never made a profit since it was founded in 2011, but Garnry says that on Snap’s enterprise-value-to-sales metric, it is outperforming Facebook compared to the social network giant's IPO in 2012.

Garnry explains that should rivals mimic Snap's innovations, it could struggle to ignite the size of growth the market has priced-in.

He also says that market expectations over Snapchat to grow its users and revenue base by 50% annually for the next 3 to 4 years could prove to be a tough challenge.

On Thursday, Snap closed at $24.48 - 44% above its initial value of $17.

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