> Pets.com was insanity. It IPOed 15 months after it was founded and had no fundamentals of any kind.

> Snap is 6 years old and has hundreds of millions of users.

When you say fundamentals, that usually goes hand in hand with a business model that will promote profitability, which Snap has been unable to prove.

EDIT: They incurred a net loss of $514.6 million ending 2016. That is not a sound business.