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I didn't actually read that part. If they only added 8MM DAU from June -> now, then it deserves to tank on its first trading day. Sounds like a decent short act

I didn't actually read that part. If they only added 8MM DAU from June -> now, then it deserves to tank on its first trading day. Sounds like a decent short actually, once it cools down.

k-mcgrady 10y ago
Why would it tank based on numbers available BEFORE it IPO's? I know there are idiots out there but surely the big investors are going to take figures available in the filing into account.
- deleted 10y ago
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- urs2102 10y ago
  Well, it could go the Facebook route. Remember when FB was going to IPO at $33 a share and then it went up to $38 - it had a P/E ratio of like 100. People could just get excited about Snapchat being the next Facebook, it could go up with initial excitement (not saying all people, but markets are fickle). I guess we'll see what the price per share is.