4 ms·
I'd bet this 12% stake is actually a behind the scenes loan in the form of buying stock. No way would any smart investment company have genuine long term intere
by PatientTrades 9y ago
I'd bet this 12% stake is actually a behind the scenes loan in the form of buying stock. No way would any smart investment company have genuine long term interest in Snapchat at this point. Older people are not using snapchat, and younger people will grow out of it within the next 5-7 years. Snap is still a major short imo, will be under $10 a share in next 6-8 months
- finkin1 9y agoThat's an awful lot of bold claims without any supporting evidence or logical analysis. Why do you think the 12% stake is a loan? Why are you so sure no smart investment company would have a genuine long term interest in Snap? Why will younger people grow out of it in the next 5-7 years? And if it's going to take 5-7 years, why would the stock be under $10 (keeping in mind it's $12.64 right now) in the next 6-8 months?
- giarc 9y agoI'm not a fan of Snapchat either, but to support your claim because "Older people are not using snapchat" could have been applied to Facebook 8 years ago, and look where they are now.