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I certainly agree that Snapchat is over-valued.

The problem with being in a mature market is you can't convince investors that huge growth is just around the corner, so they start looking at things like 'profit' and 'dividends'.

And when you have HP and Compaq and Dell producing basically the same thing, you can't charge much of a premium as your customers can easily switch suppliers.



Compaq does not exist anymore.


That only serves to reinforce my point :)

Let's say s/Compaq/SuperMicro/ then




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