It seems like it's hn's general consensus that snapchat isn't worth that much(or anything), so why would anyone invest in it when it IPO's?
The opportunity for IPOs is to get investment from the wider public. While HN may have skepticism for the profitability of snapchat, people in the wider public may have looser wallets....
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It seems like it's hn's general consensus that snapchat isn't worth that much(or anything), so why would anyone invest in it when it IPO's?
For the same reason people bought over-priced homes a few years ago: greater fool theory.
Because maybe we aren't as smart as we think we are.
Feel free to apply that statement to either the investors or the HN peanut gallery.
The opportunity for IPOs is to get investment from the wider public. While HN may have skepticism for the profitability of snapchat, people in the wider public may have looser wallets....