Like a Rubber Band

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

snapintra

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.

slopechart SNAP

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

slopechart SNAP

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