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Snapchat loses 2 billion dollars in stock dive

Discussion in 'Business & Tax Advice' started by Breezly, May 11, 2017.

  1. Breezly

    Breezly Newbie

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    I think people had really high expectations for snapchat when they went public and bought into the IPO price. Remember when Facebooks outlook was grim on the markets until they turned it around? What's your thoughts on snapchat losing so much money and stocks diving?

    original link: http://money.cnn.com/2017/05/10/technology/snapchat-earnings/
     
  2. MisterF

    MisterF Jr. VIP Jr. VIP

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    Pretty spectacular numbers there.

    Traders will have inflated the price for the IPO and it's correcting itself ( the brokers and traders having made huge profits ).

    Question will be do they have the funds and backing to keep pumping money in or do they wait for someone bigger to come along and buy them out.
    They've missed the boat on Yahoo making rash buys though.
     
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  3. JustCash

    JustCash Marketplace seller Marketplace seller Premium Member

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    Probably going even lower, FB has essentially neutered the growth force completely. Insta stories already has more DAU than snap. Unless snap has an ace up their sleeve I think we could be looking at the next twitter.
     
  4. redarrow

    redarrow Elite Member

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    Snapchap not going that fact , but it falling in groth very strange .

    Very funny numbers there