On Thursday, Snap Inc., known to most as Snapchat, made its long-awaited stock market debut on Wall Street. By day’s end, the company’s value had reached an impressive $24.48 per share, establishing an opening corporate net worth of $28 billion. Snapchat’s unheralded public debut gives the company an initial value that already exceeds many longstanding corporate giants, including both American Airlines and Macy’s.

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