$SNAP $RDDT, what a crazy ride since we entered 2026.
At least Reddit stock isn’t at an all time low. Snap Inc’s valuation has never in history been lower.
Now, before you get all “Snapchat is dying” on me, take a look at their financials. Look at their user base. And then ask yourself if it makes sense that the company is less worth than ever before.
Snap has nearly 1 billion monthly active users. They have 250 million monthly active users in India. They ended their most recent quarter with net income of $45 million which was a game changing achievement considering they’ve never been profitable before.
Snap now has 25 million subscribers who pay a monthly subscription fee. Last year their annual revenue was $6 billion.
Snap stock was $9 per share three months ago. For all of 2018-2026 it would never go lower than $7 which was its hard floor. Today it trades in the $3-4 range. And earnings were good if not great, when they reported in February.
SNAP, RDDT. When does the relief rally enter the room?
byu/lies_are_comforting inStockMarket
Posted by lies_are_comforting
6 Comments
Why catch falling knife?
Snap is only used by pre teens who don’t have money
Have you tried looking at the chart for either one? Took me 10 seconds to look at both.
Invest in plumbing and HVAC and cereal my friend.
Edit: I can’t believe I’m wasting my time on this, but here we are. SNAP hit its all time high of $83.34 in September 2021.
The 200ema on the 6m chart is $7.34 and has been in a downward trend since 2022.
The price is currently $3.93 (as of close today).
A cursory glance at the stats, financials, etc leaves me with a good reminder why I’ve never used Snapchat, or invested in social media companies.
If my ETA helps one single person learn how to research investments on a very basic level, then that’s a good day in my book. 👍🏼
This stock has pumped and dumped so much over the years. 4 bucks is a steal. This shit will go up to 20 bucks for no reason whatsoever other than riding the waves of a bull market. Although I think the market has further to drop and so I’d buy in a two bucks a piece.
Short dated puts and long dated calls have been working so far
250 million users in India are worth exactly zero dollars.