
Snapchat CEO Warns it’s a “Matter of When” Tech Bubble Bursts
Snapchat CEO Evan Spiegel revealed Tuesday at the California Code Conference in Rancho Palos Verdes that the company is planning for an initial public offering (IPO). He said the company, recently valued at $15 billion, had no desire to be acquired in a merger like the Facebook’s $3 billion offer two years ago. Then, in a refreshing twist for such a young captain of industry, Spiegel warned that the Fed’s “easy money policy” and low interest have created a tech bubble and it’s only a “matter of time till it bursts.”
