Juul hits a $10 billion valuation sooner than Fb – Axios

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Juul, the dominant e-cigarette producer, reached a $10 billion valuation simply seven months after its first VC funding. That is 4 instances sooner than Fb reached the $10 billion mark, in response to Yahoo Finance.

Sure, however: Juul’s worth may take a major hit if and when the Meals and Drug Administration cracks down on flavored vaping merchandise and/or on-line gross sales.

  • Excessive schoolers’ use of e-cigarettes has jumped by 75% within the final yr, in response to preliminary knowledge from the Facilities for Illness Management and Prevention.
  • Because the dominant e-cigarette producer, Juul is cashing in on at the very least a few of that improve.

Supply

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