On: Snap values itself at nearly $24B with its IPO pricing

[warcher]

I definitely don't get snapchat. Too old, not playing.

That said, if you don't understand a company, man, you should stay far, far away from investing in it.

And I don't use DropBox. I use Google Drive. For free.

Where's that Dropbox IPO at anyways?

[scurvy → warcher]

This is good advice. Peter Lynch puts it best (and actually, he was misquoted about the mall story 25+years ago): https://www.wsj.com/articles/peter-lynch-25-years-later-its-...

tl;dr you better really know what you're investing in. If you don't know, don't invest even if you miss out on the next "big thing".

[Grazester → warcher]

I downloaded Snapchat when they first busted onto the scene to see what it was all about. I was constantly being told by a close friend to download it so that she could snap with me.

I thought it was a poor means of communicating and though the snaps were just noise that I didnt need.

I jumped onto Facebook's IPO but snapchat I definitely wouldn't touch.

[nojvek → Grazester]

I use snapchat every single day. Not a Facebook user anymore. They've got a really stronghold on 18-25 year old market.

Facebook sees snap as a threat and they literally ripped snapchat in whatsapp "status".

I can't say that it will beat Facebook but I'm willing to bet it will be more valuable than twitter. I will buy if it's share price is not too hyped.