All of Snapchat's stock gains since going public have officially disappeared.

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 2 weeks ago '04        #1
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mr_underground|m 1875 heat pts1875
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All of Snapchat's stock gains since going public have officially disappeared.
 

 
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Snap (SNAP), the parent company of Snapchat, closed below its $17 IPO price on Monday for the first time since its shares went public in early March.

The stock had previously flirted with that psychologically-important level last month, closing at exactly $17 on June 15. It fell to as low as $16.95 on Monday.
Snap faces concerns about its disappointing user growth, mounting losses and the upcoming end of a stock lock-up period, which will open the door for insiders to sell their shares.

The young company posted a staggering $2.2 billion loss in its first earnings report in May, and added just 8 million new daily active users during the quarter. Its stock fell as much as 25% overnight following that report.
Snap is now trading 42% below its peak of $29 in March.

In an investor note last month, Nomura Instinet analyst Anthony DiClemente sounded an alarm that third-party app download data suggests Snapchat's daily active user growth will continue to slow down this quarter.

Instagram, on the other hand, continues to grow. "Instagram's strategy of replicating key aspects of Snap's use case is bearing fruit, limiting Snap's ability to attract new users," DiClemente wrote.

Facebook (FB, Tech30) has aggressively competed with Snapchat in recent months by launching copycat features in Messenger, WhatsApp, Instagram and its flagship app.

Once the lockup period expires later this month, Snap's employees and early investors will be able sell their stock, potentially flooding the market with more Snap shares.

That, according to DiClemente, may only push the stock lower.

visit this link http://money.cnn.com/2017 .. ice/index.html
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57 comments for "All of Snapchat's stock gains since going public have officially disappeared."

 2 weeks ago '17        #2
tu calmas 1 heat pts
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Gary Vaynerchuck sold everyone a dream
UnclePhilOH16 and 17 others gave props
 
 2 weeks ago '05        #3
ceo-of-hucworld 16 heat pts16
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The gimmicky and novelty feel of the app is beginning to resonate amongst many more than originally thought and sooner than expected basically.
LowaEastSide5 and 9 others gave props
 
strungout slapped this ish
 
 2 weeks ago '06        #4
authenic 6 heat pts
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This is usual...however there is a way for snap to get back up
Y.G. and 2 others gave props
 
 2 weeks ago '04        #5
BigJay.inc 28 heat pts28
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 authenic said:
This is usual...however there is a way for snap to get back up
I have a feeling it involves nekkid bishes and money.
KobeThompson and 9 others gave props
 
 2 weeks ago '06        #6
authenic 6 heat pts
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 BigJay.inc said:
I have a feeling it involves nekkid bishes and money.
Naw simply they need an in app way to connect people...you have to share codes via other social medias to add people

Also a marketplace will be game changing
BigJay.inc and 5 others gave props
 
 2 weeks ago '17        #7
KobeThompson 2 heat pts
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Snap need to start its own pr0n company.
dagame04 and 12 others gave props
 
 2 weeks ago '04        #8
BigJay.inc 28 heat pts28
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 authenic said:
Naw simply they need an in app way to connect people...you have to share codes via other social medias to add people

Also a marketplace will be game changing
I feel like they're so late to the party with features. I used Snap only for Teanna before. When I tried to find my fam on there it was difficult as ever. Interface is really difficult to use.

A marketplace would save them. But Facebook is trying to catch a body and Snap is in its cross hairs
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 2 weeks ago '06        #9
authenic 6 heat pts
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 BigJay.inc said:
I feel like they're so late to the party with features. I used Snap only for Teanna before. When I tried to find my fam on there it was difficult as ever. Interface is really difficult to use.

A marketplace would save them. But Facebook is trying to catch a body and Snap is in its cross hairs
Yea but imo Facebook marketplace isn't direct...I gotta find something I want via a group or searching and landing in the group...then I gotta read the post ...and comment and inbox the person and wait for the response on Snapchat I can see the item and I can directly communicate with the seller
 2 weeks ago '04        #10
BigJay.inc 28 heat pts28
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 authenic said:
Yea but imo Facebook marketplace isn't direct...I gotta find something I want via a group or searching and landing in the group...then I gotta read the post ...and comment and inbox the person and wait for the response on Snapchat I can see the item and I can directly communicate with the seller
Sounds like a lot to be doing on mobile for a simple request.
 2 weeks ago '04        #11
hammertime71604 
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It'll be interesting when they have their own tv shows etc
strungout gave props
 
 2 weeks ago '11        #12
bosslife11 26 heat pts26
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 BigJay.inc said:
I feel like they're so late to the party with features. I used Snap only for Teanna before. When I tried to find my fam on there it was difficult as ever. Interface is really difficult to use.

A marketplace would save them. But Facebook is trying to catch a body and Snap is in its cross hairs
Didn't snap crack down on all the pr0n pages who were charging for access? If so why would they do that. That's traffic all day. Smh
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 2 weeks ago '12        #13
TrillSwag 2 heat pts
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 bosslife11 said:
Didn't snap crack down on all the pr0n pages who were charging for access? If so why would they do that. That's traffic all day. Smh
Too much liability. What happens when these underage thots start showing t*ts for money?
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 2 weeks ago '10        #14
BBhiphop 515 heat pts515
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Instagram can now do every thing snapchat can do, except from the new map option that everyone hates Snapchat is done, anyone that has stock should sell now
Lurker and 3 others gave props
 
 2 weeks ago '04        #15
Miami 4 heat pts
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 BBhiphop said:
Instagram can now do every thing snapchat can do, except from the new map option
that map feature is eventually coming to instagram
Fortune and 3 others gave props
 
 2 weeks ago '07        #16
ptwist 43 heat pts43
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Snap had a chance to be bought by 3 billion once upon a time ago. Teflon Mark Z said fu*k it.. going to ape your sh*t and buy you out in 5 years
Adwerdz and 1 others gave props
 
 2 weeks ago '09        #17
messy marv stan 4299 heat pts4299
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who the fu*k thought videos that allegedly disappear after a certain amount of time was a good way to fleece investers
KobeThompson and 11 others gave props
 
 2 weeks ago '05        #18
Tonero 7 heat pts
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Lost 40% on this dud. Knew i shoulda shorted
ROMEorHEAT and 1 others gave props
 
 2 weeks ago '05        #19
dagame04 8 heat pts
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Its over! It was only a matter of time.
marx1684 gave props
 
 2 weeks ago '14        #20
strungout 357 heat pts357
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Most of yall talkin ish in here prob dont have a large social media circle , all the hoes that i know in real life and for a lot of my dudes as well its still the main form of communicating
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messy marv stan and 8 others slapped this ish
 
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