I have been following the story of Snapchat’s upcoming IPO. Experts say it will be one of the biggest IPOs of all time. But it also might be one of the biggest scams you will ever see in the investment world.
The first thing you need to know is that Instagram recently added a feature called “Stories” that is essentially Snapchat’s entire service in the form of one feature on Instagram. Snapchat’s biggest competitor is eating Snapchat’s lunch as we speak. Snapchat reports slowing growth.
Secondly, I have seen a pair of Snapchat’s new eye-glasses product and it kept me interested for nearly five seconds. I put the odds of success for that product at zero.
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