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by zalzane 3956 days ago
imagine if snapchat announced that they would start living and dying on their core business rather than try to expand

now you have a bunch of investors who are upset that they invested in a company at a 16 billion dollar valuation that has jack diddly squat for income and has no promise of some magical "over the horizon" way to monetize

2 comments

But that just doesn't seem sustainable in the long term. That's how power and wealth consolidate into a small number of hands.
This sounds about right. Wait, I forgot, Snapcash.