SNAP:US?
Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: SNAP:US?

  1. #1
    Senior Member
    Join Date
    Jan 2011
    Posts
    1,594

    SNAP:US?

    has there been a thread started on this one yet?
    So....for those of us old enough to remember that fateful day, when a thing called Google went public - and DIDN'T buy in because the early price shot up to a ridiculous $80 or something....
    Is SNAP another chance? Or get out the ol' 3.5m-foot pole?
    Comments from the CMF peanut gallery?


  2. #2
    Senior Member zylon's Avatar
    Join Date
    Oct 2010
    Location
    Alberta
    Posts
    1,431
    ^^ yep, yep, good description for some around here.

    pea·nut gal·ler·y
    - a group of people who criticize someone, often by focusing on insignificant details.




    As for SNAP - no comment.

  3. #3
    Senior Member tygrus's Avatar
    Join Date
    Mar 2012
    Posts
    1,149
    Think you just witnessed a market peak. Smart money probably shorting the entire thing now. I mean the DOW up 2500 points and S&P up 500 points in 3 months and nothing has changed. And trump looks like he is stuck in the mud with his agenda.

  4. Remove Advertisements
    CanadianMoneyForum.com
    Advertisements
     

  5. #4
    Senior Member
    Join Date
    Sep 2011
    Location
    British Columbia
    Posts
    1,942
    Google had profits when it went public. So did Facebook - nearly $1B/year in 2010-11 which they have nearly grown to $10B in 6-7 years. Those $80 GOOG shares look good as their profit went similarly.

    SNAP lost $400M last year. And will probably lose more this year. They now have $1.7B of cash to burn. They have no profits to reinvest.

    For this privilege of owning a money burning company, whose sole material asset is a phone app, your shares have no votes whatsoever. Not even a dual-vote structure. I don't think the 10 foot pole is long enough here, unless there is a large torch at the end of it.

  6. #5
    Senior Member
    Join Date
    Aug 2013
    Posts
    396
    It's amazing some of the companies that SNAP is worth more than now. i'm not sure there is a middle ground here.Buy it and you will either get rich or lose it all. I mean they stated in the ipo filing that they may never be profitable.What kind of a business model is that?

  7. #6
    Senior Member
    Join Date
    Jan 2011
    Posts
    1,594
    if I'm readin' todays share price & volume correctly...it's now a $10 billion dollar company...?
    who'da thunk???
    I'm goin' ALL IN !!!

  8. #7
    Senior Member
    Join Date
    Aug 2013
    Posts
    396
    Not it's around $31B .They only sold a portion of the company in this ipo.

    http://www.cnbc.com/quotes/?symbol=snap
    Last edited by yyz; 2017-03-03 at 07:47 PM. Reason: added link

  9. #8
    Senior Member tygrus's Avatar
    Join Date
    Mar 2012
    Posts
    1,149
    1999

  10. #9
    Member
    Join Date
    May 2016
    Posts
    65
    I don't see how Snapchat makes money. I expect it to drop.

  11. #10
    Senior Member
    Join Date
    Jun 2016
    Posts
    1,403
    We may be in a kind of stock market mania stage, were junk like this does very well until it turns down into the dust bin.


Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •