Following snapchats fluctuations about its stock price is somewhat interesting . To be honest though I'm getting fatigued on this. I remember when Facebook IPOed and we were getting similar posts. The fact that Snap was able to IPO and get money to become more competitive will have to wait for a few quarters though.
Snap falls to IPO price
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Re: Snap falls to IPO price
#12Following snapchats fluctuations about its stock price is somewhat interesting . To be honest though I'm getting fatigued on this. I remember when Facebook IPOed and we were getting similar posts. The fact that Snap was able to IPO and get money to become more competitive will have to wait for a few quarters though.
I think the situation is not comparable at all precisely because Facebook did not have a larger network strangulating their growth.
I wonder if there is any precedent for a social network (or any large application for that matter) having their growth stalled to single-digits and then it picking up again.
To me, it looks like there is a very real possibility that facebook already killed them in the sense that they will never go beyond 250 million or so users, which does not support their valuation. So share-wise, they might end up a second Twitter, just with a much faster turnaround this time because user growth has already come to a grinding halt.
Re: Snap falls to IPO price
#13I think it is safe to say that the IPO was a total scam. The company was never profitable, and numbers never made any sense.
I have a bridge in Brooklyn up for grabs (cheap) if you still think the valuation was based on ridiculous data points such as active users, etc.
People already lined their pockets up and you will be reading another P.R piece on how great of a businessman Evan is within the next couple of months.
Spend all of the funding on aggressive marketing to get the numbers up pre-IPO, file for an IPO and cash out. Rinse & repeat.
Re: Snap falls to IPO price
#14$17.00 was the IPO price but only for investors with access. Your average investor with an eTrade account saw a price of $24.00+ when the market opened that morning, and it hit almost $27.00 that day. So those folks have seen a 30%+ drop since IPO. Given that Snap paid out billions in IPO bonuses to executives and other employees, it's turned out to be a pretty big wealth transfer from retail investors to Snap employ…
Did you try to subscribe to the IPO? It was not hard at all. I'm an "average" investory with a standard Charles Schwab trading account and subscribed to it with a few clicks of my mouse. I imagine anyone else could with their brokerage. It was oversubscribed tho, so I got half the quantity I wanted and sold shortly after opening.
Re: Snap falls to IPO price
#15$17.00 was the IPO price but only for investors with access. Your average investor with an eTrade account saw a price of $24.00+ when the market opened that morning, and it hit almost $27.00 that day. So those folks have seen a 30%+ drop since IPO. Given that Snap paid out billions in IPO bonuses to executives and other employees, it's turned out to be a pretty big wealth transfer from retail investors to Snap employ…
Bothers me that institutional investors and other insiders get preferred pricing while retail investors get less favorable pricing.
Re: Snap falls to IPO price
#16$17.00 was the IPO price but only for investors with access. Your average investor with an eTrade account saw a price of $24.00+ when the market opened that morning, and it hit almost $27.00 that day. So those folks have seen a 30%+ drop since IPO. Given that Snap paid out billions in IPO bonuses to executives and other employees, it's turned out to be a pretty big wealth transfer from retail investors to Snap employ…
Bothers me that institutional investors and other insiders get preferred pricing while retail investors get less favorable pricing.
So this isn't true. Any average Joe could open a standard trading account and subscribe to the IPO.
Re: Snap falls to IPO price
#17Pardon my language but: no fucking shit. $20bil was unbelievably overpriced. This is the one major tech stock that I simply do not get . ~$125 a user is insane.
Facebook is >$200 per user.
Re: Snap falls to IPO price
#18Earlier quoted context omitted.
Bothers me that institutional investors and other insiders get preferred pricing while retail investors get less favorable pricing.
So this isn't true. Any average Joe could open a standard trading account and subscribe to the IPO.
The access to shares still isn't even comparable
Re: Snap falls to IPO price
#19What does $SNAP need to do to deliver on the hype? Is there anything that can make $SNAP a good investment for anyone other than the parties involved in trading the IPO? I tend to be bearish on $SNAP in general, but I'm interested in the discussion. How do they right the ship and boost back up to that $25-30 range? What's their play?
+1 this. I've asked multiple people and ideas are mostly mixed on what Snap's strategy should be going forward. Being a social app will definitely be a difficult play. IMO they could try to leverage their AR expertise to do, well, something. But social definitely seems like it will be tough.
Good luck to the team though. It must be a stressful time there.