5 ms·
You make it sound like Snap is a failure. It is worth $16b even after the affect of this earnings report. Facebook might have slowed their growth but they did
by immad 9y ago
You make it sound like Snap is a failure.
It is worth $16b even after the affect of this earnings report.
Facebook might have slowed their growth but they did make a huge company before they were slowed down.
- blackflame7000 9y agoBut what is Snap really worth? They don't have assets and don't make a product but rather provide a service. A service is only as valuable as the number of people who use it. If Facebook continues to steal users away from Snap at the current rate, it will go they way of myspace before long.
- immad 9y agoIts a liquid stock with volume of $10m+/day. It seems like its worth what other people are willing to pay for it.
- blackflame7000 9y agoVery true, but just like bitcoin was once 5$ and now 5000$ nothing of substance is preventing it from returning to 5$ once again other than "investors" (more like speculators). As Rupert Murdoch learned the hard way, what was worth 580 Million in 2005 was worth $35 Million by 2011 once the users left.