What's going on with SNAP?!

[imirza]

Anyone else invested? I bought 540 shares at $10.40 thinking the stock was undervalued.
Is it still a good Hold for long term?

 

[KING WILL]

Early this year a dude convinced a few people in our FB group to buy shares of SNAP when it was in the high $19's.

Almost got me too, but Robinhood wouldn't let me sign up.

Glad AMD was my 1st purchase into the Stock Market.

 

[OfTheCross]

Snap is never going to prosper. I'd short it even now

 

[imirza]

Snap is never going to prosper. I'd short it even now

Why do you say that? Just curious

 

[OfTheCross]

Why do you say that? Just curious

That app won't exist in a couple years. FB already killed it with IG stories and they lost their "cool" with the kids

 

[KING WILL]

What else can it do really?

 

[Akata Man Bromo]

I sold it a long time ago

 

[imirza]

They need to sign a Deal with the Kardashians (or give them equity stake in the Company.)

 

[Tug life]

Yeah facebook came through and crushed the buildings. They need new ideas fast because they will be vine status in the next 3 years

 

[50CentStan]

Snaps product sucks bro.bottomline. sell now. Cut your losses

 

[Sunalmighty]

I would never invest in a social media app. anytime ANYTHING social media related drops, FB buys it. SNAP should have sold when they had the chance.

 

[Obreh Winfrey]

Unless they go all in on augmented reality technology I don't see them really surviving for that much longer. All they have is the app and some rinky dink glasses. Neither is all that exciting or promising for stable and increasing profit.

 

[JahFocus CS]

They had a spark when they started.

Instagram co-opts everything they do and IG has a larger base.

Snapchat is done

 

[KING WILL]

just teamed up w/ Amazon.

Its gonna get a lil bump from that.

Prolly no where near enough to get back up to $19+ like it was a few months ago.

 

[theworldismine13]

It’s definitly not undervalued, there IPO was too high