Weekend Reads: Snap Inc, unicorns, and farts
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In this week's Weekend Reads: Profiting from Snap's IPO without ever buying a share, why so many startup unicorns are as mythical as they sound, and -- finally answered -- what happens in your gut when you try to hold in a fart.
Snap Inc, the name that Snapchat is trying to trick you into calling it (see also: Google, Alphabet), had a successful IPO, to say the least. Stock prices rose from $17 to $24 soon after trading opened, and as of this writing sits at around $22. A lot of people made a lot of money, but our friend Financial Samurai has a tip on cashing in even if you aren't into the stock game: real estate. Snap is famously known for having a number of offices spread around Venice (in fact, some experts warn that this is a weakness). That means that there's a good chance real estate in the region will see a sizable price increase as people try to capitalize on Snap's growth. You could be one of those people! Check out Financial Samurai's veritable Google Map's worth of location information to see if you're one of the lucky ones. I wonder if anyone has tried to list real estate on Snapchat yet?
Okay, back to Snap's big day. They're what's known in the startup world as a unicorn: a company valued at a billion dollars (or more). Other companies, who haven't gone public yet, include Uber and Airbnb. What else do these companies have in common besides being unicorns? They don't actually make money and, in fact, hemorrhage it. Y'know, like a business should? This Vice video pulls back the curtain to show you the world of venture capitalists, who are pumping money into these companies, hoping the bet will pay off big. Are these people just more risk tolerant than the rest of us? Is it wishful thinking? You be the judge.
Everybody farts. I'm sure there's a children's book about that. But sometimes you don't want to fart. Maybe you're in an elevator, or in the middle of an interview, or on a date. So what do you do? Hold it in, obviously. Turns out, that idea might be a stinker. Holding in a fart keeps in gasses that your body doesn't want to absorb, like nitrogen, and the result - either farting anyway, or (super gross) it escaping through your mouth - could smell even worse. In this way your fart is like a Jedi: "If you strike me down, I shall become more powerful than you could possibly imagine." Check back next week for a list of excuses you can use next time you're in a close quarters situation and need to "get some air."
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