Snapchat: The NYSE's next star quarterback or the next investment bust?
With Snapchat - or rather Snap Inc - announcing a multi billion dollar flotation on the New York Stock Exchange a couple of days before the Super Bowl, it’s worth reflecting on how similar dot coms are to new NFL quarterbacks. Every year NFL teams pay millions of dollars to college quarterbacks without any real idea of whether they’re going to be any good, just as investors pay billions of dollars to invest in dot coms, without any real idea of whether they’re going to be any g
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