I don't follow the numbers on Snap, but my personal experience is that Snow is eating their share in Asia. You can build a big business without Asia, but it won

I don't follow the numbers on Snap, but my personal experience is that Snow is eating their share in Asia. You can build a big business without Asia, but it won't be enough to keep The Street happy. This IPO feels like a liquidation for investors who see the end of the road ahead for Snap.