What will happen to Snapchat given recent news?
Update on Snapchat status
Poll
83 Participants
Select only one answer
Vertivco Fast Papua Oct 4, 2018
?
Square Yes we can Oct 4, 2018
Continue dropping to a reasonable valuation then trade sideways indefinitely ala $GRPN?
Nielsen SWEMLE OP Oct 4, 2018
No Amazon acquisition in the process?
Square Yes we can Oct 4, 2018
Why would that happen? 🔮
What news?
1. Facebook upped competition with them adding the maps option 2. Target <$5 by 2018 end 3. Down 70% since high 4. Down 7% today alone 5. Extremely high doubt by analysts that Snapchat can meet investors needs
I think Maps is just a novelty. It's one of those features that people talk about and use for amusement, but will die later. I doubt it will have sustained use.