Have most employees sold their RSUs yet?
Snap falls to IPO price
61–70 of 253 posts
Re: Snap falls to IPO price
#62snapchat baffles me. It's just another instant messaging platform except that they came up with the idea of messages that delete themselves after a time period. The problem is that this killer feature is easily subverted by taking a picture of your screen. So basically, they have provided an instant messaging platform with one extra useless feature.
More to the point, this "killer feature" is easily cloned by a competitor and shows that the product creates no competitive barriers. Coupled with the fact that the cloner has a much better idea of their users and can target ads much more successfully, this creates a long road for $SNAP.
More to the point, this "killer feature" is easily cloned by a competitor
Re: Snap falls to IPO price
#63Earlier quoted context omitted.
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.
Thanks for the info, I think my next bank account is going to be with Charles Schwab ( I was waffling between Ally and Charles Schwab, but this is a useful feature for me and a good step up from Robinhood).
I switched from Wells Fargo to Schwab last year. I've been very happy and the customer service is great. The web interface is a bit cluttered, but i've seen worse at banks :)
Refunds on all ATM fees make it worth it for that alone.
Re: Snap falls to IPO price
#64Earlier quoted context omitted.
Agree with you here -- Facebook had a well-formed mobile strategy, the only question was whether it would work. Once it started to work, the stock took off like a rocket. Snap is a much bigger question mark. So far their plan looks to be "Do what Facebook did, only for AR/VR". Except Facebook and Snap will be splitting the market; where Facebook had no competition and absolute dominance before they IPOed. Facebook is…
I haven't been following SnapChat too closely, I know they made some glasses not too long ago. It is surprising to me that they are trading on the ID that they will be more successful in AR/VR. I can't imagine have invested nearly as much into AR/VR as Facebook/Oculus. Amount invested doesn't mean success for sure but I expect Facebook to be at the forefront of AR/VR at least in the near future.
My understanding is that the glasses were little more than a gimicky way to get more use of their platform. Felt kinda CueCat-ish to me.
Re: Snap falls to IPO price
#65Earlier quoted context omitted.
That would stop the issuers from making a bundle on just about every IPO and we can't have that now, can we?
So this is pretty lazy anti-intellectualism. Can you provide some evidence that the investment banks are colluding on IPO pricing?
The facts that they are the primary beneficaries of underpriced IPOs (ie, the biggest reward for the smallest risk) and that they are the all-powerful gatekeepers of the process and that most of these IPOs shoot up in price on day one (meaning that their customers are leaving huge amounts of money on the table) is a pretty good indication. If you don't count fully aligned incentives as evidence, it's at least very clearly a process ripe for collusion and corruption, and should be handled with extreme care and skepticism.
Re: Snap falls to IPO price
#66Earlier quoted context omitted.
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.
Thanks for the info, I think my next bank account is going to be with Charles Schwab ( I was waffling between Ally and Charles Schwab, but this is a useful feature for me and a good step up from Robinhood).
I wasn't aware of it but Robinhood did offer SNAP IPO: https://support.robinhood.com/hc/en-us/articles/115000902306...
Re: Snap falls to IPO price
#67Earlier quoted context omitted.
That would stop the issuers from making a bundle on just about every IPO and we can't have that now, can we?
So this is pretty lazy anti-intellectualism. Can you provide some evidence that the investment banks are colluding on IPO pricing?
I think it's simply stating the obvious: rather than using a market-based mechanism for price discovery, they pick a price to sell at. For a bunch of people who are such big fans of markets, this looks really dubious. "Markets for thee, but not for me".
Re: Snap falls to IPO price
#68Earlier quoted context omitted.
Agree with you here -- Facebook had a well-formed mobile strategy, the only question was whether it would work. Once it started to work, the stock took off like a rocket. Snap is a much bigger question mark. So far their plan looks to be "Do what Facebook did, only for AR/VR". Except Facebook and Snap will be splitting the market; where Facebook had no competition and absolute dominance before they IPOed. Facebook is…
I haven't been following SnapChat too closely, I know they made some glasses not too long ago. It is surprising to me that they are trading on the ID that they will be more successful in AR/VR. I can't imagine have invested nearly as much into AR/VR as Facebook/Oculus. Amount invested doesn't mean success for sure but I expect Facebook to be at the forefront of AR/VR at least in the near future.
AR is unfortunately such a broad label, covering an enormous variety of implementations from dedicated headsets to phone cameras.
I'd argue Snapchat delivered one of the first mainstream AR 'hits' - many of my friends can't get enough of their AR photo filters. To be fair, many of them are extremely impressive tech demos, fluidly augmenting the user's face in real time video. Whether that's a meaningful strategic advantage is another question!
Re: Snap falls to IPO price
#69snapchat baffles me. It's just another instant messaging platform except that they came up with the idea of messages that delete themselves after a time period. The problem is that this killer feature is easily subverted by taking a picture of your screen. So basically, they have provided an instant messaging platform with one extra useless feature.
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Re: Snap falls to IPO price
#70Earlier quoted context omitted.
And they can also re-invest in the stock now, at these great sale prices. “And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful” - Warren Buffett
Since we're pulling out pithy quotes, I have one: "the trend is your friend", and your friend is telling you to stay the hell away from this stock.
I'll stick with the Oracle of Omaha. :)