It's amazing what people will buy these days. When most of these companies go public, don't buy right away, wait a little while for the price to freefall. Then, once it's better positioned and the board have all gotten their cashout, buy in and ride it back up a little ways. Or just stay away since they're probably still not profitable.

Did you read that Snap's CEO just got a $630 million BONUS for last year. The company is still losing money and (I believe) losing users. It's insane! Still, people are free to throw their money at whatever they want.