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Joeri Vandendriessche

Is the Snapchat IPO Proof of a Tech Bubble?

Mises Wire

Author: Joeri Vandendriessche

Online Publish Date: March 16, 2017

Category: Money and Banking, Financial Markets

Earlier this month, the 2nd of March, there was quite a fuss on Wall Street. The long-anticipated IPO of Snap Inc. (also known as Snapchat) was imminent. The CEO and founder Evan Spiegel rang the bell at the NYSE together with his co-founder and CTO Bobby Murphy. Snap Inc. shares opened at $17 and by the time the markets closed the price had risen

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