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Snapchat IPO : doomed to failure

Snapchat IPO : doomed to failure

At the time of writing this article: Snapchat was introduced in the stock market 24 hours ago (NYSE:SNAP). Current price is $27.00 per share (Official IPO price $17).  Do you want to lose money quick and easy? I am not talking about gambling or penny stocks investments. Take your money and buy Snapchat shares at the current price. On this one, without even using an orbuculum, I can do fortune telling: you will lose your money. You can quote me…

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