SNAP just reported horrible numbers vs. Wall Street forecasts.  Net income was actually a Net loss of $2.31 vs. a loss of 19 cents forecast.  Revenues were light by $8 million, coming in at $149.6mm vs. $157.9 million expected.  Active subscribers were also lower than expected.   The Ponzi stock is down 18% as I post this:

IRD reviewed SNAP when it IPO’d and warned investors to avoid or short this stock:  Avoid SNAP.  Short Seller Journal subscribers were presented with an even more detailed analysis.

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