It won't matter in the present environment. They'll sell the story, the user growth, the demographics, the revenue potential. It's the same premise supporting Twitter's incredible valuation, which is entirely contrary to its actual business fundamentals.
It'll matter later, when the correction Spiegel is predicting finally arrives.
That's when Snapchat goes from being worth $18 billion in the public market, to being worth $4 billion. This story repeats over, and over, and over, and over again; and every time, half of people are off by years in predicting an imminent correction, and the other half don't think a correction will ever come (or that we're just at the beginning etc).
Comments
It won't matter in the present environment. They'll sell the story, the user growth, the demographics, the revenue potential. It's the same premise supporting Twitter's incredible valuation, which is entirely contrary to its actual business fundamentals.
It'll matter later, when the correction Spiegel is predicting finally arrives.
That's when Snapchat goes from being worth $18 billion in the public market, to being worth $4 billion. This story repeats over, and over, and over, and over again; and every time, half of people are off by years in predicting an imminent correction, and the other half don't think a correction will ever come (or that we're just at the beginning etc).