:-(
"Does anyone else have shit for brains?"
Fb also dropped post IPO. Future is in their own hands.
Facebook has 240 million users from India alone. Snap said they are for rich countries only, lol
Snap with their attitude might not be worth it..
I cannot predict future and SnapChat does seem to have a lot of engagement from the tens that are their cohort, so it's still possible that they will rise. Having said that, I don't agree with the parallel with FB. FB and Snap are companies at a very different life stages when they went public. Also, FB's stock price drop after IPO was because of concerns about monetization, but their user growth and engagement were doing well even during that drop, AFAIK. Snap's biggest concern is user growth.
~30% loss.. sold ~90% ..