SNAP LONG IDEA - "CEO: STARTUP STYLE RETURN POTENTIAL" NYSE:SNAP SPARKS:REDDIT NASDAQ:META NYSE:PINS
I believe the upside is massive compared to the limited downside. Snap got an offer of 30 billion from Google back in 2017. Since then Snap has grewn from 187 million Daily Active Users to 470 million DAU. With todays cash burn snap should be well financed at least through 2026.
Letter from CEO 08.sept: Our current stock price reflects doubt. At this valuation, there’s startup-style return potential. But unlike a seed-stage company, we’re a team of 5,000, serving almost half a billion people every day. That means extreme accountability. Every line of code, every sales call, every minute, every day matters.
All thoughts are appreciated.
