3 ms·
Eventually this will self correct. Snap was valued around $20b in its F round in 2016. And it's valued now around $12.5b. For a long time the public market h
by nostromo 8y ago
Eventually this will self correct.
Snap was valued around $20b in its F round in 2016. And it's valued now around $12.5b.
For a long time the public market has been viewed as the dumb money -- but for some of these companies it may actually be the late round investors that are caught standing when the music stops.
- linuxftw 8y agoThe public market is dumb money. How many people have their 401k's allocated in 'growth stocks' of which surely lyft/snap will fall? It's almost like it's a rigged system. Someone in Wall Street gets paid off, you IPO at such and such a price, that gets you into the institutional holdings.