erlichbachmann
Short

snap looks poised to tank.

NYSE:SNAP   SNAP INC.
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SNAP Chart looks terrible in my opinion , and it will be hit hardest if the tech bubble narrative is true.
Is this company worth $8 billion more than twitter? That is absurd.
Facebook wants to and is already crushing it.

IT really only has any value because people only use the application, currently. But what is holding users there is more fickle than competitors. It's not much more than an imaging platform, and while they release filters and such to keep users entertained- what new innovations will keep people going long term. Click links for conversions are nice to improve CTR on ads, but I imagine they will still stay shitty. Not that a simple ad revenue model could ever support this ridiculous valuation.

Which I think are also over valued.

Nothing bullish other than support at IPO price. Once that breaks this thing will be crushed. I hate hate hate hate hate hate hate snapchat.
woohoo!
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Yay $17 broken. Drop to low $16s, bounce back to high 16s low 17s then get destroyed down to the single digits by year end.
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