| | |

SNAPCHAT DAY

SNAPCHAT going public today. If this was a company selling steel pipes, it would come out at 75% below the IPO value…seriously. 50x sales…not earnings…but 50x sales….massive losses and a recent slowdown in business does not thrill…but glamour is glamour and social media is glamour. Just remember one word…TWITTER. If Snapchat can pull a Facebook and accelerate their numbers in a major way, then all may be fine. We have no clue how it trades when it comes out.

SOURCE: http://www.foxbusiness.com/markets/2017/03/01/snapchat-prices-shares-at-17-bringing-company-valuation-to-24-billion.html