MarketWatch: Snap’s market cap surpasses Twitter, Hershey

Snap’s IPO performance is reminding me uncomfortably of 1998. From MarketWatch: Snap’s market cap surpasses Twitter, Hershey. “Snap, +1.80% the parent of Snapchat, started trading on the New York Stock Exchange Thursday and closed at $24.53, up 44% from its issue price, which gave it a public market capitalization of $28.4 billion. The closing market cap makes Snap more valuable than Hershey Co. HSY, -0.25% and Twitter Inc. TWTR, +0.00% among others.”

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