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What's Meerkat's Market Cap These Days?
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Gee, remember how big a deal the Snapchat... er, Snap, Inc. IPO was? This week, the stock plummeted, and now there are think pieces wondering if the end is near for these "unicorn" IPO companies who get big boosts from investors despite having no real path to profitability or no plan to make money at all, or, as with Snap, have the appearance of a fad that could crash at any time. But come on, this introspection will last until the next "hot stock" gets issued. The intellectual analysis always gets obliterated by the fear of missing out on the next big thing, even if it isn't big. (New York Times)
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