SNAPchat... this is madness

For a company that never had a profit, actually with increasing losses with time, SNAP has really gained a lot of stock uplift the past year. More than doubling in "value". Frankly, Snapchat is quite a nice app, nice to use some funny filters for a few minutes once in a while. But their revenue scheme needs an overhaul. If in their previous quarterly reports they even had quite a bit of help from the pandemic situation in the world, and they still couldn't post a profit. This time I think that it may become a bit ugly for them. I can't say for sure what makes it rise, when all the numbers show otherwise. Either there are some very rich guys out there playing some sort of short squeeze, or millions of young investors see it as a good opportunity. Unfortunately, my opinion of it, with their current revenue scheme, is that it is a bit useless.
Therefore today I opened a small short position pre-earnings. Maybe I'm right, maybe I'm wrong. I just wanted to share my thoughts with other people who possibly know better than me and who would like to share me theirs.
Comment: Yep, this one was completely wrong for this Quarterly Report... eh...


You were dead wrong lol

(Just teasin ya)
+2 Reply
TrinityAlex ed122951312
@ed122951312, Yep, I was wrong :( oh well, that's life.
i dont know. Theyre gross profit has been rising. i feel like the snap glasses was a failed experiment. theyre spending a lot on R&D still trying to determine some more revenu streams to generate more revenue. Theyre relatively new. They can become a big player or theyll stay a small player in a big pond. I dont think theyre stock should be more than 40$
+1 Reply
vincentfaga vincentfaga
@vincentfaga, I actually think it should be worth less than 20$ but whatever the whole stock market is bubble haha. trade it!
+1 Reply
TrinityAlex vincentfaga
@vincentfaga, I agree, it should reach these high values only when they have demonstrated at least some profit, especially considering the current times. But alas, the stock market is not about logical thinking, but the will of the many/rich.
Bears 😂😂
+1 Reply
TrinityAlex sprucebruce03
@sprucebruce03, Oh well... stock went up, but it still posted a loss of 200 million... at this pace it may be profitable in about 5 years.
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