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I don't see their "product" being that much desired to make the kind of money they expect. I think this is like an AOL of social networking.
I sold off, I just think there is more risk than benefit.
This along with FIT have been my two duds of my portfolio.
At the current pace they will be lucky to have 750M in revenue this year, market cap 16B. That's 21.3 times sales. They could easily fall 30-40% from here unless their revenue growth speeds up.
At the current pace they will be lucky to have 750M in revenue this year, market cap 16B. That's 21.3 times sales. They could easily fall 30-40% from here unless their revenue growth speeds up.
All Wall St. investments are 100% guaranteed.
Investors will brag about how well their brilliance has profited them.
No one has the balls to tell the truth about how much actual cash they have lost
on their clever deals. Smoke & mirrors! Don't look behind the curtain!
A controlling ego is a terrible thing.
Can one profit in fiat currency?
SNAP has gone well below the IPO, as the insider sales lock starts to lift. Will it recover -or just stay down. Does its business model make sense?
https://www.google.com/finance?q=NYSE%3ASNAP&ei=kp9_WdDlDcW-jAGBtYfoAQ