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Contrary to what I am realizing is a common misconception in this thread that $SNAP is struggling, it is actually doing very well.
by chirau 6y ago
Contrary to what I am realizing is a common misconception in this thread that $SNAP is struggling, it is actually doing very well.
- andreilys 6y agoIt’s still well below the IPO price in 2017, with net loss growing to $326 million, up from $255 million last year and EBITDA of almost -$1 billion. Perhaps our definitions of doing well are different. Sure DAU is up, but we all know those metrics are inflated BS and monetization is all that really matters. It’s been 3 years since IPO and they’re still making a heavy loss.
- cycrutchfield 6y agoIPO price was $17. Current price is almost $23.