roger mcnamee is here to weigh in. in the meantime, here's what else is coming up on "fast." >> rates are taking off and that could be great news for three sectors in particular. we'll explain. plus, disney had a shareholder meeting and guess what? bob iger is staying. but there was another piece of news that could be important for shareholders. we'll tell you what that is when "fast money" returns. it's off to work we go! woman: on the gulf coast, new exxonmobil projects are expected to create over 45,000 jobs. and each job created by the energy industry supports two others in the community. altogether, the industry supports over 9 million jobs nationwide. these are jobs that natural gas is helping make happen, all while reducing america's emissions. energy lives here. ( ♪ ) upstate new york is a good place to pursue your dreams. at vicarious visions, i get to be creative, work with awesome people, and we get to make great games. ( ♪ ) what i like about the area, feels like everybody knows each other. and i can go to

joining us at the desk, roger mcnamee, and eric capoue. exciting day. >> great day! >> let's get your take on what appears to be pretty bullish action in the stock. what do you think people are responding to? >> the stock was way oversubscribed yesterday at the ipo. i think there's a lot of excitement about snap. i think snap is fun, clearly has a very engaged audience, and there's a new player that we now have a duopoly, facebook, google. i think they'll continue to do well, but now there's a new player on the scene. >> does it bust that open, roger? >> i think it's -- let's face it, the market has done way better than institutional investors this year. hedge funds are lagging. mutual funds are lagging. they need big ipos to get back into the game. snap is coming along at exactly the right time with exactly the right scale of deal. i will tell you, i think it's grossly overheated. you know, google traded under its ipo price. facebook traded under its ipo price. in all probability, snap will trade under its ipo price. probably won't take all that long to get back dow

roger mcnamee said he might want to wait bit. he'll be here to explain.y, but it is what else he said at the