81–90 of 253 posts
Pardon 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.
What 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?
But those should be easy enough to copy. And I find the content thing weird, it feels bolted on to an app you use to talk to friends. I am bearish on them, I think it was smart to IPO when they did.
Financially it does not matter for the founders that much anymore. Significant wealth has already been transferred and cashed out: http://www.nasdaq.com/quotes/insiders/spiegel-evan-1016829
It's an absurd premise to claim that 80%-90% of someone's wealth does not matter much to them. Not to mention implying all sorts of horrible things about their character in the process (to claim what you are, is identical to claiming that Spiegel is ok with losing that money as opposed to keeping it and doing something good with it, that he would feel indifferent to the contrast of said scenario).
$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.
Earlier quoted context omitted.
I was referring to the trading account, which is independent from the bank. Tho Charles Schwab bank accounts are useful because they refund your ATM fees.
Free checking account helps too; they sent me two boxes of checks and a checkpad with a $0 initial balance, for no fees. And they offer you commission-free trades too if you offer to transfer in enough funds. Great, great, place to keep your finances.
What 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?
Earlier quoted context omitted.
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 cl…
> 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 On the other hand, the entity that they are taking money from is literally th…
snapchat 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.
Every messaging app is essentially like one long email thread, whereas Snapchat provides real freedom to be spurious and in the moment without future embarrassment.
And anyone can secretly record anyone at any time in any interaction. That doesn't stop people from communicating freely.
Earlier quoted context omitted.
Free checking account helps too; they sent me two boxes of checks and a checkpad with a $0 initial balance, for no fees. And they offer you commission-free trades too if you offer to transfer in enough funds. Great, great, place to keep your finances.
How's their mobile app on iOS?