Will Circumstances Compel Snap to Dilute Its Stock?
Research is a key area for technology companies, and many spend large portions of their revenue on R&D. Baidu (BIDU) has said that it funnels ~15% of its annual revenue to R&D projects. Facebook (FB) and Alphabet (GOOGL) spent ~20% and 15% of their 2017 revenues on R&D, respectively.