Should Millennials buy Snapchat stock?
His teenaged kids use Snapchat, and not Facebook. But they also use Instagram -- which is owned by Facebook.
"My kids tell me Snapchat doesn't have all the ads Facebook has, and that is part of the appeal. However, that is also an important revenue stream for Snap," Norris said.
"What happens to its popularity when it ramps up the ads to turn a profit? Will it still be as popular with Millennials and Generation Z?" Norris added. "Ultimately, IPO hype gives way to show me the money."