The FANGMAN stocks went to heck afterhours.
They don’t need to know, Snap says. Tencent rues the day it bought a 12% stake.
This is where hype (and money) goes to die.
Snap Inc. tried to turn Big Investors into zombies. It didn’t work.
The scam around the stock of Snapchat’s parent, and a revolt by institutional investors that may have to buy the shares.
S&P 500, other indices might refuse to include stock, deflating a big part of the hype around its IPO.
Silicon Valley hubris knows no bounds.