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Feb 21, 2017

Is Snapchat the New TV?  Snap Inc. wants to be the next Facebook—but it's messaging app gives millennials a ‘lean back’ experience that is more like watching television, says Christopher Mims writing for the Wall Street Journal. Meanwhile, Snap the company lost $515 million dollars last year!  At a valuation of $19 billion dollars, Snap stock would trade at 47 times sales! Could the upcoming IPO still be the buy of the year? Steve and Sinclair have insights from the Wall Street Journal and