In a case of mistaken identity, potential investors in Snap Inc, the company behind Snapchat, just caused a windfall for a tiny start-up instead. When Snap made the details of their IPO public on Feb 2, it caused a flurry of excitement. Potential investors began snatching up shares in SNAP Interactive Inc, which rose by 164-percent in four days, according to Bloomberg. The one problem? SNAP Interactive has nothing to do with Snapchat. SNAP is a communication software start-up based in New York. It specializes in creating online chat rooms, like Camfrog, Tinychat, and Paltalk. A mutual desire to find new…
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