Patch Notes #021 — IPO Week and Console Eve
Twitter went public and popped 73% on day one. The bird is worth $31 billion while losing money, and every founder at every meetup this week had a new gleam in their eye. Also in “numbers that break my brain”: rumor is Snapchat turned down three billion dollars from Facebook. Snapchat! The disappearing-photos app! Either the greatest bluff or the greatest conviction of our era. (Evan Spiegel is 23. I am also 23. He turned down $3B and I turned down a second helping of team lunch because I was scared of the burrito line.) ...