Faculty News

Professor Scott Galloway's thoughts on Snap's market valuation are referenced

Excerpt from the Irish Times -- "Ordinary investors didn’t get to buy at $17 during the IPO. Demand meant they opened for trading at $24 and peaked at $29 the following day, a far cry from the $15 level to which they fell last week. It could get worse. Prior to the IPO, this columnist warned Snap’s stratospheric valuation meant it looked a bad bet. Even now, the stock trades on 45 times sales, prompting Prof Scott Galloway from the NYU Stern School of Business to dismiss it as the 'most overvalued company in the world.'"

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