FIRST AIRED: May 23, 2017

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00:00:00
stock soaring as much as sixty four percent on its first day after pricing below it's expected range , I don't search there's still a lot of nervousness about start ups in our valued at more than a billion dollars heather Somerville covers these so called unicorns from Silicon Valley I would not interpret the unusual pop and an indication to me everybody change your mind about unicorns and evaluation , fears are growing that early investors have been paying too much for private companies that then flounder when they go public and that could make the IPO wrote a difficult one for over Airbnb Dropbox anti Snapchat which are presumably waiting in the wings early believers in companies like square need to see profit growth , justify their investments but that's not what they're getting , C. E. O. Dorsey also runs Twitter I think time will tell whether or not one person can we need to arguably struggling company , I'm and I think our current given very little detail , investors are willing to do the Dorsey dance at least for now stock finishing its debut with a forty five percent upswing