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forrestthewoods on Jan 1, 2015 | parent | context | favorite | on: Snapchat has raised $485M more from 23 investors

Monetizing users is hard as hell. Selling highly engaged users to investors to let them take a crack at monetization is easy. That's the conversion I was referring to.

AndrewKemendo on Jan 1, 2015 [–]

That's a shell game. It's not how you run an economy - not that Snapchat or its investors are trying to make a fundamental industry.

The reason I even say that is because of the dollar figures thrown around. The numbers for this shit are staggering.

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