Snapchat's IPO Is Lunacy, But It Could Be Crazy Good
Snap Inc. signage is displayed on screens outside of the Morgan Stanley building in New York. (Photographer: Michael Nagle/Bloomberg)

Snapchat's IPO Is Lunacy, But It Could Be Crazy Good

(Bloomberg Gadfly) -- Let's say this up front: Buying shares in Snapchat's IPO next week is an act of lunacy.
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