I mean they initially raised ~$5 billion in multiple rounds when first started in 2011. [1] I doubt they could raised an equivalent amount if they started in s

I mean they initially raised ~$5 billion in multiple rounds when first started in 2011. [1] I doubt they could raised an equivalent amount if they started in say 2018 in the current environment. [1] https://www.crunchbase.com/organization/snapchat https://www.crunchbase.com/organization/snapchat Snapchat just recently had its first ever profitable quarter, 2021Q4, since going public. That's a bad look, I also doubt this story will hardly be unique in the upcoming year (more tech layoffs from "unicorns").