Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.
Who knew it'd be so lucrative to create camera phone filters that make you look like a dog?
Snap Inc., the Venice-based company behind the popular app SnapChat, made its initial public offering to Wall Street this week.
And early investor Saint Francis High School in Northern California is now $24 million richer.
#blessed
"It's been a pretty amazing, transformational couple of days here at school for us," says St. Francis' president Simon Chiu.
The private Catholic school gave $15,000 in seed money to the company in 2012 when it first started.
It doesn't take a math club to figure out that it multiplied its investment 1,600 times.
Chiu says early plans for the money include beefing up the school's financial aid and tuition programs, increasing resources for teachers and also investing in St Francis' infrastructure.
So, sorry students of St. Francis – this doesn't mean that your prom is going to be extra glamorous this year.
But, who knows, President Chiu says the administration might be plan something special for the kids to celebrate.
"Well, I'll leave it up to the principal," he laughs. "I'm not sure!"