Tim Mullaney: Snap IPO: Why it may be the next Facebook

To us 1970s kids, Snapchat’s ghostlike logo recalls Pac-Man, even Casper the Friendly Ghost. I‘m closer to hip fractures than hipness; my only outgoing Snaps growls directed at noisy children.

But, as Snap Inc. SNAP, +0.00% moves toward its initial public offering, I know how growth companies rise. Others may be younger and faster, but I’m older and have more financial acumen. And more skepticism of Silicon Valley — speak your piece about much-hyped IPO messes FitbitFIT, +0.64% and Lending Club, but don’t say old Mullaney didn’t warn ya.

Today’s question is whether social-media phenomenon Snap is the next Facebook FB, +1.39% or the next Twitter TWTR, +0.13% .

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