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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4672)	3/2/2017 11:23:57 AM
From: The Ox	Read Replies (1) \| Respond to of 26408

I have not looked into the SNAP ipo, as time has not permitted. At a glance, I tend to agree that the market cap looks too high. I do believe that many traditional evaluation metrics may fail when dealing with the new age of companies like SNAP. I was a very big believer in FB and even though they were slightly "overpriced" in the the short run at the time of their IPO, most people couldn't see the massive growth that was coming and the financial potential of "average people posting their personal stuff online". Anyone interested can poke around on the FB thread and see my posts there, especially when the stock was trading below $20/share many moons ago. TWTR is a great example of a company with potential but with a failure to capitalize on it (so far, in the shorter run). I don't use SNAP and don't know the dynamics of their business model, so I am not the person to judge their valuation metrics or their "future potential".