Twitter’s troubles and Snap’s appeal: It’s all about the mojo

Steven Davidoff Solomon writes for The New York Times, Oct. 11, 2016

Once again we have a case in which Silicon Valley’s overreliance on momentum creates an unrealistic proxy for valuation. Snap will reap billions as a result, while Twitter will struggle to salvage what it can from what was once a valuation of more than $40 billion. It is a story that will have real consequences.