Like a Rubber Band

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Amidst the tumble of earnings this evening is Snap, Inc. (symbol SNAP) which is rocketing higher:

It’s impressive, because for the first year or so that Snap was a public company, it was a total train wreck, in spite of being surrounded by thriving success of other Internet content firms.

Yet from that point in late 2018, this thing has gone up nearly twenty-fold.

And to think it all started precisely ten years ago as “the best way to sext, basically”: