Snapchat shows danger of 'growth traps' as Bill Ackman warns worse to come - The Australian Financial Review

Snap might look cheap after its startling 43 per cent fall, but market heavyweights Bill Ackman and Michael Burry warn worse may be on the horizon.

Ackman was a lot less cryptic as he accused the Federal Reserve of being asleep at the wheel, and warned of a crash ahead. Inflation is out of control. Inflation expectations are getting out of cont… [+5604 chars]

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