So, Snapchat’s IPO values the company at twenty eight billion fucking dollars! This for a business that has succeeded in posting record losses since its foundation and that will not allow shareholders any voting rights. The people who snapped up the shares must be fucking insane… Although, not as insane as the people who use the app, who check it out an average of 18 times a day during their miserable life. This will not end well.
And then it disappears!