A good Russian friend who worked as a product consultant once told me this: Americans are so stupid you can sell them the bricks to their own house. Of course, this is an outrageous statement, considering the current political backdrop. Most new homes are built from wood, not bricks. But it got me thinking about the hype regarding the upcoming Snapchat IPO. Source: Shutterstock
Are people really going to dive into SNAP? Haven’t the markets already learned their lessons from Twitter Inc (NYSE:TWTR)? Ha! People can be gluttons for pain.
I suppose this is the reason why movies like “50 Shades Darker” are so popular with both men and women. Not only that, the longer-term success of Facebook Inc (NASDAQ:FB) provides much-needed optimism for the Snapchat IPO. Read