I have $35k invested in Snap shares at around 7$. What I don't get is- why did the price drop to beyond $4.5 after finally some good news? What's the catch here?
The company is finally making some money, yes the users in North America are slightly lesser but with Snapchat+ and the AR glasses, wouldn't the revenue make up for it and even more?
I understand the bear case, that the employees are paid in equity that they sell to get real money, but is the bull case so bad? Do you think the possibility of Meta buying the company to get a monopoly over the smart glasses industry is priced in?
Posted by goldenpleaser
1 Comment
Dying company man, I’d sell if I were you