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Episode 32: The Snap Inc. IPO
Acquired
Facebook and Instagram Have a Structural Advantage in the Industry and Copy
Facebook and Instagram have a structural advantage where they can buy their time. What Snapchat has going for them is they fundamentally believe that, or I guess to invest in Snapchat right now, you have to believe that Snapchat can do things that are more innovative than Facebook will be able to copy. And so what that sort of comes down to is can the company figure out a thing to do that gets a whole bunch of new daily active users?
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