iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,423 Blog Posts

Snapchat Will Be Coming Public Soon at 30 Times Sales; Here Are Their New Retarded Sunglasses

For the love of God, I do not get Snapchat. My teenage son and his friends live on the app, rarely, if ever, bothering with Twitter. I’m finally old. I started blogging about stocks more than 10 years ago, when I was just 29. Now I’m 40 and my interests have switched from consuming large quantities of Monster Energy soda and slapping people in the faces with hot slices of pizza, to a more genteel living.

Although I am keenly aware of what these youngsters are doing, I am not obligated to like it.

Two things are for certain.

1. I will not be buying Snapchat’s IPO at 25-30x next years revenues.
2. I will not be buying their retarded sunglasses — featured in the video below.

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16 comments

  1. bushwacker2

    In five more years you will have to kick yourself off of IBC.

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  2. oldmantrader

    Why do I feel this will be another Fitbit? Another round of euphoria followed by a calamitous crash. When will people learn? 30x Revs? Come on man

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  3. UncleBuccs

    I have to say, Snapchat is pretty damned popular around the workplace amongst the 20 and 30 year olds, but so was Candy Crush a while back.

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  4. jacked rabbit

    I can barely accept a Fly that supports Trump and removes himself from the stocked market, but now I have to accept that Fly is now genteel… That shit cuts me to the bone.

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  5. mx2101

    I’m beginning to see that, excluding physical ailments, a time may be reached when you don’t even feel old anymore. You’re just here, numb, bearing the cold eyes of a shark.

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  6. cat

    I can see that my 10 year old granddaughter would love those glasses – as would her friends. She won’t be getting them from me, of course, because I think they look weird.

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  7. LP

    Couldn’t get a better model than Jack Ma?!

    I am staring down 40 now, just a few months away.

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  8. fryguy15

    40 going on 70… you old fuck.

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  9. fryguy15

    kidding of course… love the site and what you do. Have a good weekend man.

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  10. en1gma

    I am not a fan of any social media.

    With that said, Snapchat does it right and has a bright future.

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    • moosh

      Me neither. What’s really up with Snapchat, though?

      I’m kind of interested in how the VR mania has gone luke warm…

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  11. natehois

    Fly it is a rotation away from Facebook it’s just the next newest thing. It’s these kids parents that have taken over the Facebook audience and they no longer feel like it’s hip. Snapchat is hip cause it’s away from the rents

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