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Snap jumps 44% in debut as investors doubt value will vanish

US$34b tech giant charms investors despite red flags; some analysts already show scepticism about the company

Matthew Kobach, manager of digital and social media at the New York Stock Exchange, takes a selfie wearing a pair of Snapchat Spectacles by Snap Inc during the company's IPO in New York.

New York

SNAPCHAT is a business built in large part on disappearing messages and adding animated dog ears and flower crowns to users' selfies.

As at Thursday, that business is worth about US$34 billion - more than the market value of the old-line media company CBS, and about three...

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