After latest iOS changes Snap stock tanked. Can Snap pivot its business model to fulfill its ad revenue? Maybe convince its users to turn on tracking? They keep saying that FB has no real competition and it’s too big, how about Apple buys Snap? I think they kind of fit together. What do you think? #tech
Meme company coming towards the end of its lifecycle
Lol.. You are saying SNAP is like NAKD
I was actually using it the other day. It’s a very well thought out and built app
nm
Nice Snappy comment
Are you gonna delete it soon? 😂
Recall what % $snap is up from this time last year. The pullback on a revenue miss doesn’t surprise me. Far from the end and I don’t think Evan will ever sell Snap We’ll figure out the iOS issue and continue the great growth. The revenue miss completely overshadowed this, but snap just had its first $1B quarterly earnings.
Figure out yes, but how?
I have no idea honestly. They have far smarter people than I solving that problem in monitization teams and I’m sure recruited other top engineers across the company to work on it as well. I have no doubt Snap assembled the best possible talent to solve this quickly. Our business and company depends on its quick resolution.
Snap will pull back from this for sure. Every stick goes through difficult times.
Even at this multiple and given the growth is limited, SNAP is trading at a rich price.
So tell Cook to buy them
Is Apple ever gonna get into social networking? MSFT did it with buying LinkedIn
Snap is dead and buried. You can't recover from this big a stock crash.
Snap literally recovered from a bigger % wise crash than this... IPO was at like $20 and it was as low as $5 a couple years ago, right now it it still over 50% of all time high...
it will recover
Sure but if you don’t track your users how else would you show them targeted ads?
Yeah but most of the times the stock doesn't tank for so long