Snap Inc (snap) Has No Friends At The Minute!

Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    I think a lot of people are now being found out - investing in social media companies was always going to be down to timing. Getting out before the sector caved in. I always thought these companies were jam tomorrow - but for some tomorrow might not come :)
     
  2. Chartman

    Chartman Senior Investor

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    I was going to say what a pity for those people who are locked in but they would have sold part of their holdings at a significantly higher (arguably inflated) price. I just can’t see anything positive on the horizon for this stock until we start to see the advertising revenues flow.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    CEO suggesting Snap is not a social media company:-

    https://www.entrepreneur.com/article/321235

    Why was it sold to investors in that manner? Or was that only when the social media sector was flying high on hairbrained valuations?
     
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