He’s only 24 years old and makes messaging apps. However, he has a unique insight into financial markets and is not afraid to speak about it. Aside from that, he is the world’s youngest billionaire.
Evan Spiegel, founder and CEO of messaging app Snapchat, again reiterated that “easy money policy” and money printing are responsible for the current lofty valuations of what people dub the second tech bubble (after the one in 1999).
“When governments print a lot of money, people are making riskier investments. There will be a correction,” he said at the Code Conference on May 26 in Rancho Palos Verdes, California. He obviously doesn’t mind that investors now value his company at $15 billion. He is already looking for a way to cash out:
“We have to IPO,” he says, as he is convinced there will be a 20 to 30 percent correction in technology valuations sooner rather than later. “It’s definitely something we factor into our plans.”
