Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
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Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#2Just a reminder to everyone who thinks the world is simple, any platform is sensitive to somewhat small forces from big players. The article claims that BILLIONS were lost after a Kylie Jenner tweet. Stay cautious
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#3The ad in question was of course totally tasteless and tone-deaf, but I'm curious as to whether Snap is uniquely susceptible to price fluctuations based on the comments of social media influencers for some reason.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#4Yeah no rihanna has little bearing on this. But looking for causality in stock market behavior is fun and makes you seem smart.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#5Just a reminder to everyone who thinks the world is simple, any platform is sensitive to somewhat small forces from big players. The article claims that BILLIONS were lost after a Kylie Jenner tweet. Stay cautious
Billion dollar reductions in market capitalization doesn't mean a billion dollars were lost (that is, transferred to some other parties from Snapchat).
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#6Still can't believe they are making more Snapchat spectacles
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#7That's what happens if all your business does is sending pictures around. What's the intrinsic value of it?
Of course people will uninstall the app as quickly as it's uncool or they are told to by their idols.
If Snapchat generated any kind of value / saved a lot of time, people couldn't afford to just get rid of it.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#8This is just as meaningless as Snapchat having billions in valuation.
I just dont get how can SC be valued so much when all it does is move pictures around.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#9> Snap Inc's stock prices fell around 4 percent later Thursday, wiping out nearly $800 million from its market value, reports CNN
I don't believe that Rihanna's tweet caused $800 million worth of investors to change their mind. In fact, it only finished 1% lower on the day.
SNAP stock is like any other: noisy.
Re: Snapchat's Stock Sinks After Rihanna Denounces Domestic Violence Ad
#10This is just as meaningless as Snapchat having billions in valuation. I just dont get how can SC be valued so much when all it does is move pictures around.
Not to defend Snapchat's reputation or anything...but all Dropbox does is 'store files'. Saying snapchat just 'moves pictures' around and therefore shouldn't be valued so highly kind of misses the point. That being said, there are other reasons Snapchat probably shouldn't be valued so highly.