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Chit Chat
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02 Mar 17
17:47
Joined:
Date Joined:
21 May 10
Initially priced at $17, now trading at $24 on first day of trading, valuing the company at $30bn despite never making a profit and making losses of close to $1bn in losses over the last two years.
Peter Jones will be having kittens.
What is going on here? Can these investors see something I can't?
.
http://www.telegraph.co.uk/technology/2017/03/02/snapchat-ipo-snap-worth-24bn-blockbuster-tech-float-live/
Peter Jones will be having kittens.
What is going on here? Can these investors see something I can't?
.
http://www.telegraph.co.uk/technology/2017/03/02/snapchat-ipo-snap-worth-24bn-blockbuster-tech-float-live/
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Replies: 17
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Note to self: read what you've written before posting. (Poorly constructed first sentence
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I have never used it
 Am I alone among the forum Members ? |
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Is it anything to do with crocodile whispering ?
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No most users are under the age of 50
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IQ ?
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Obvs not or would be widely used by chitchaters
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South Sea Bubble comes to mind.
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Historical reference...IQ may reach three figures.
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What is snapchat or instagram for that matter
i still learning how to text |
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Instagram nevermade any money and Facebook spent $1billion on it.
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They also paid 22 billion for Whatsapp
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Up there with
Yahoo trading at 630 times annual earnings years ago because nobody will ever invent another search engine. Or Dell valued at over three times the cost of all the PCs in the world because nobody will every invent mobile phones |
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I remember seeing on 'Tomorrows World' where they demonstrated the new fangled CD (compact disc).
The presenter said it would never catch on because everyone had their favourite music on cassette tapes! |
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I downloaded it a few years ago to see what the fuss was about.
Couldn't work out how to use it   |
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I'm not sure what it is. I assume Instagram is some sort of photo sharing site?
Why don't they just use Facebook? |
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Facebook was adopted by the oldies (parents, even grandparents) so the kids deserted it in favour of a safer space for their vacuous everyday drivel.
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I have been informed that Many users Send each other Pics of their Private Parts on Snap
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