SNAP Snapped – Stock Plunges 18%

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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4 thoughts on “SNAP Snapped – Stock Plunges 18%

  1. SNAP was a newcomer; it didn’t benefit from being a “media darling” stock that is propped up to show how good the market is doing.

  2. The same media will very soon start saying how great SNAP is and it will trade 50%+ higher before next quarter earnings.It is all about the narrative peddled by the media and blindly followed​ by the public.

  3. Didn’t take long for SNAP to move back over 20, lol. Stocks like these are like cockroaches that won’t die – they keep crawling higher and higher based on some fairytale narrative or the other.

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