Snap Inc

Sabre Man

Earnings report after close today.

http://www.cnbc.com/2017/05/10/look-out-snap-internet-stocks-often-plunge-after-first-earnings.html

Did anyone buy?

Sabre Man

Ouch!

http://www.cnbc.com/2017/05/10/snap-earnings-report-q1-2017.html

listermint

Not much of an ouch moment, same happened to Facebook but they made 8 billion revenue in Q1 just gone.

Some People may not 'get' the technology or appeal but I see hundreds of youth and up on it. It delivering them the entertainment feeds they want in a simple package.

The wind isn't taken out of this for the foreseeable

Prezatch

Ouch indeed. Pre market shows down 23%!

Stinger

wordofwarning

listermint wrote: »

Not much of an ouch moment, same happened to Facebook but they made 8 billion revenue in Q1 just gone.

Some People may not 'get' the technology or appeal but I see hundreds of youth and up on it. It delivering them the entertainment feeds they want in a simple package.

The wind isn't taken out of this for the foreseeable

Instagram will destroy it though. Instagram stories is easier to use and a better interface. It has more users too. Instagram has found solid ways to monetize moments. Snap has yet to figure that out

IMO the management of Snap are pretty useless. One was bitching is the only word to describe it about how they are not going to focus on the poor markets of India and Spain. There are some serious flaws with a company, that does not see one of the fastest growing economies as part of their growth stragety and one that thinks Spain is 'poor'.

http://variety.com/2017/biz/news/snapchat-evan-spiegel-only-for-rich-people-anthony-pompliano-1202028526/

I think Snap is a write off and a potential Twitter ie slowly dies

listermint

wordofwarning wrote: »

Instagram will destroy it though. Instagram stories is easier to use and a better interface. It has more users too. Instagram has found solid ways to monetize moments. Snap has yet to figure that out

IMO the management of Snap are pretty useless. One was bitching is the only word to describe it about how they are not going to focus on the poor markets of India and Spain. There are some serious flaws with a company, that does not see one of the fastest growing economies as part of their growth stragety and one that thinks Spain is 'poor'.

http://variety.com/2017/biz/news/snapchat-evan-spiegel-only-for-rich-people-anthony-pompliano-1202028526/

I think Snap is a write off and a potential Twitter ie slowly dies

Fair point on Instagram

TimeToShine

People said the same thing about Bing and Google + which were supposed to blow Google/Facebook out of the water.

BrokenArrows

I just read that 2 billion of the 2.2 billion loss was due to shares being given to employees including the CEO.

Nody

BrokenArrows wrote: »

I just read that 2 billion of the 2.2 billion loss was due to shares being given to employees including the CEO.

Their financial statement would disagree with that:

2017 Q1 result (in thousands)
Revenue: 149,648
Cost of revenue: 163,358
Sales and Marketing: 805,848
General and Admin: 1,174,476
Total cost & expenses: 2,363,415
Loss from operation: 2,213,767

Simply put they are making sod all money and I'd have serious concerns over their cash burn rate.

keane2097

TimeToShine wrote: »

People said the same thing about Bing and Google + which were supposed to blow Google/Facebook out of the water.

I wouldn't see Instagram - the incumbent with a bigger user base and better product (not to mention Facebook link) - as the Bing/Google+ in this analogy.

callaway92

callaway92 wrote: »

Like any Social Media - Drastically over valued before IPO.

Leave it for 6 months, then buy in.

Hold out for the next three months then lump. May go as low as 10 cent.

Sabre Man

All-time low
https://www.cnbc.com/2018/09/06/snap-sinks-to-all-time-low-falls-below-10-for-the-first-time.html

Is it a fad or does it have a profitable future?

BrokenArrows

Sabre Man wrote: »

All-time low
https://www.cnbc.com/2018/09/06/snap-sinks-to-all-time-low-falls-below-10-for-the-first-time.html

Is it a fad or does it have a profitable future?

I can't image it has a future.

I don't and none of my circle use Snapchat.
I've never used it.

Instagram has this area locked up.

Jim2007

Sabre Man wrote: »

All-time low
https://www.cnbc.com/2018/09/06/snap-sinks-to-all-time-low-falls-below-10-for-the-first-time.html

Is it a fad or does it have a profitable future?

What do you think yourself? Where is you analysis? Why should anyone else do your homework for you? If you don’t understand the stock or it’s value then keep your nose well out of it.

Sabre Man

Jim2007 wrote: »

What do you think yourself? Where is you analysis? Why should anyone else do your homework for you? If you don’t understand the stock or it’s value then keep your nose well out of it.

I'm staying well clear and I'm not looking for anyone to do my homework. I just thought someone might be interested in discussing it.

User growth seems to be disappointing. I am bearish on their future but I could be wrong. However, the share price has falled a lot since the IPO so short term traders might do OK.