Hey Guys,
I’m a fan of Snap’s leadership in product, even if they haven’t done as well compared to the advertising duopoly, I think the Snap app will outlive many others.
So it was a bit perplexing when it’s stock fell once again by so much. Snap’s revenue missed estimates, coming in at $1.13 billion versus $1.14 billion expected. Then the price basically fell from $15 to $8. But why so? We knew Advertising was in a slowdown, we know Snap bleeds cash, this is normal for it.
What have you done for me lately Snapchat? SNAP 0.00%↑
But is this a buy the dip candidate as it continues to go down? Let’s take a closer look.
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