Snap: too soon to IPO
Tim Connors

Excellent post. It is so sad that the people who end up owning Snapchat (and other businesses with unsustainable economics) through mutual funds generally have no idea that they even own it…heck, I’ll probably own a piece somewhere, and I don’t want to. Our financial system would ideally be regulated to prevent theft like this, but, of course, that will never happen. Evan, Miranda, and Goldman will just laugh all the way to the bank.

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