Snapchat’s performance doesn’t match IPO hype

If you want to know what "unicorn" hype is like at its grandest, read the initial public offering filing of Snap Inc., the parent company of messenger app Snapchat. Snap isn't just wildly unprofitable, having lost $514 million in 2016 -- 38 percent more than in 2015 and more than it made in revenue; that's…

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