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Sunday, 11/24/2013 1:00:28 PM

Sunday, November 24, 2013 1:00:28 PM

Post# of 2666
Interesting excerpt found in the intro to a recent mining analyst's newsletter (from which I subscribe to):

Epitomizing the current bull market is the noteworthy story of the two founders of Snapchat, pictured below, who declined a $3 billion offer from Facebook (an $87B company) for their app. The app sends photo and video messages that disappear after viewing--that’s it: sort of a virtual auto-delete button. The company has no sales, and the founders are not clear on their business model, yet. They are thinking maybe users would pony up for stickers or coupons that they could send to each other—huh?

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