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I think it's worth noting that their stock is still up 185% since March of 2020. In spite of the prior failures at hardware, the app is still incredibly popular
by ckardat123 4y ago
I think it's worth noting that their stock is still up 185% since March of 2020. In spite of the prior failures at hardware, the app is still incredibly popular among young people.
- mupuff1234 4y agoAlso worth adding that they are only up %6 from the IPO price.
- crowbahr 4y agoIPO price is just what the most enthusiastic investors hope it's worth. It's worth more than that, sure, but the correction happened almost immediately after the IPO. Which is why being so far up from its bottom 2 years ago is important.
- mupuff1234 4y agoThat's fair. Although measuring it from March 20' is somewhat deceptive as the whole marked dipped, that wasn't snap specific.