Markets are under minor distribution today, with nothing important to note, aside from a few pops and drops in retail. But Snapchat is sharply higher today and has been drifting higher for the past month.
This action demands that you answer my next question: Is $SNAP reviled enough for us to buy it now, and revel in its glory, as it trends higher?
Before you throw your mashed potatoes at me, let me remind you how terribly wrong you all were with Facebook. I was here, minding my own business, buying it at $32. You laughed at me, called me named in the comments section, reducing me to shambles. When the stock clocked in at $18, many of you predicted, incredulously, it would go to $5 or lower. There was so much hatred for Facebook back then, you’d think it was an organization run by nazi white supremacists.
Alas, the balance of life reinstated order. Facebook exploded higher. Le Fly was proven right and the rest is history.
Are we seeing a similar situation with SNAP now?
If not, why?
Clearly, all of the kids love it. Their growth numbers are terrific and the potential for making gobs of money present.
So why aren’t you buying SNAP today?
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I bot $SNAP in the 13’s and sold at 15 today. I would buy it again after consolidation as I like it a million times more than Facebook which likely is run by Nazi’s and totalitarian dictators that are hell bent on being the next imperialist. Kids don’t like Facebook, its for losers and older people that want to look at pictures of their kids. I predict, just like I did in 2005 on this very site about RIM (Blackberry), that there will soon be social media burnout and backlash against it.
Interesting.
LOL. Run by Nazis. Good one. You nailed a salient kicker that only a few are aware of…
that’s the consensus, FB is for old people:
https://tinyurl.com/y89522wl
Media burnout…..mmmm I dunno about that. Especially in light of the teboously mentioned fact the demographic using FB tends to be more “mature”.
They love to share pics of kids/grandkids.
On the other hand though, if that demographic gets too pissed about FB censoring comments and topics,
I’m going to say they are good as gone.
Teboously… where did THAT come from?
Be a man and slap that Auto-correct bitch of yours into her place.
Had a buy order at $12.70 that I cancelled…
I think their future is good. Recent good news coming regarding their news channels and young users no longer using Facebook makes a lot of sense.
They fall into your 30% revs and earnings quarterly growth category
It’s a product, not a platform. Therefore the TAM isn’t as big as most believe and I don’t really think the business model is that scalable either. It’s not a POS business like TWTR, but the current valuation still discounts rapid growth and expectations still need to come down. I’d be more inclined to buy in the high single digits.
SNAP is like a TWTR. Instagram (FB) is eating their breakfast AND lunch. Too many unanswered questions still. Is the washout done? Maybe not. If I was going to play something as speculative as SNAP , I might be better off trying to guess the next $1 cryptocurrency that will unseat bitcoin. Same risk, but way better potential reward.
The main reason for me is that you’d think after a decade plus of watching how Facebook, Twitter etc. makes money from ads that they would have had a better grasp on it when they went public. Facebook created the template along with Google. SNAP just had to follow the template and evolve it over time. Seems however that they will be bleeding out money for a long time before they start turning a profit. Also growth seems unimpressive and Facebook wants to go all AMZN and crush SNAP before they have a chance to make it big. Think Blue Apron
Not enough market differentiation. Easily copied.
Bought SNAP on 8/11 at $12.30. Once 20% gain secured, set a 3% trailing stop loss, likely to trigger soon.
No moat. Instagram will eat its lunch.
Time to buy is over. It bottomed when zeropoint now started posting about it cracking through the floorboards….. it seems like a steaming pile of shit, but I laughed at FB too. Sold fb back in the 40’s or some crap. So snap probably hits 1 trillion market cap, because I thinks it’s crap.
Snap will be like Excite and Altavista.
Nobody posts snap stories anymore. nobody gets why the maps thing is even a thing. snapchat cash is nothing. simply put this is an app to send your 5 close freinds a video of you chugging a beer at a baseball game. nothing more-nothing less