Snap stock is $5.5 š®. How is morale there?
We've been so focused on FB stock meanwhile Snap stock has silently dropped 63% this year alone. So sorry guys. How is the morale there like?
I mean... Facebook did the same thing right after IPO, it was quite awhile before it got back to it's IPO price, and then got to like 5.5x it's IPO price if I remember right before the recent drop.
But the difference is that Facebook is a profitable company, whereas snapchat is not
The two both being social media companies doesnāt make them the same. Back then the drop was because FB couldnāt grow their revenue which created valuation concerns, whereas now Snap is getting eaten alive by instagram, which will be much harder to overcome.
May be they are glad that its still listed on the exchange
Didnāt it drop to .93 at one point?
You again? Didnāt I tell you to sell at the peak? Dummy.
Peak during flapping.
Hope less
Iām sure Evan has a brilliant plan, just like when he declared it a ācamera companyā for some reason and made a bunch of glasses. Will Miranda put up with him much longer?
So Evan didnāt give himself a mega bonus this year? That gotta be a good change :)
That bonus was written into the s1 as an agreement for taking the company public. The media distorts so much information....
For some reason I dislike Evan Spiegel and his smug face. Am I alone here? Am I just a hater?
Evan is a fuckin genius! I worked at Snap earlier and I'm aware of what's going on internally + future plans and I can assure you that the stock will be 10x it's original value within the next 3 years fosho
Why donāt you go back to snap?
So why'd you leave
$5.50 worth. Thatās a double double at in and out. Damn, I wish snap was a burger. Morale would be good then. What was the question?