GOOG FB PINS TWTR all down big thanks to SNAP! Check After hour prices..
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Everyone should appreciate the honesty from Snap CEO. It’s a matter of time before other companies also share a similar update. Save your $$ in this bear market
It seems you don’t know anything about the game. It’s not like other companies gonna hide anything from their ER..This happens because their previous guidance was way too aggressive to pump up the stock which makes it super vulnerable in a bear market like this. Very typical Spiegel…
C suite wanted to make sure they could dump their shares on retail after earnings lol
Sadly, I don’t know anyone use snap.
Only has more users than reddit and twitter combined
Well that deserves some audits..
Thanks Elon for his bid on Twitter. I exited both Twitter and PINS on that day. Social media is outdated. I just realized it a bit late. I lost logs of gains on PINS and Twitter though.
Adjusting forecast in a short time after the last earnings is scary, and underlines Evan's note on the faster than expected deterioration.
Layoff coming…
Why report this now? Why not wait until further in the quarter or at next earnings?
It is their fiduciary duty to report major changes in the business. They wouldn’t have done it if they didn’t see material slowdown in just one month. And such a material and sudden slowdown has to be partly due to external factors, which is why other stocks are going down.
What was the major change tho? They couldn’t reach targets simply
YW
Can you help me out with a referral? I’m ex-fb and there is a great role I’m well-qualified for