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Down 84% in the past year, down 38% today... wtf, this just a meltdown. Is is advertising related - Facebook and Google are down 5-7.5% today too.
by jstx1 4y ago
Down 84% in the past year, down 38% today... wtf, this just a meltdown.
Is is advertising related - Facebook and Google are down 5-7.5% today too.
- disqard 4y agoSNAP IPO'ed at $17.60 and it's close to 50% of that now, so this isn't just losing the covid-era gains.
- nly 4y agoSo a successful IPO then. Private equity investors made out like bandits
- yieldcrv 4y agoYeah it was a $100bn company last year! Very successful area to have shares liquidated
- rchaud 4y agoGoing public is the endgame for SV startups, because VCs and founders can dump their bags. Nowhere else would heavy losses year after year be celebrated because it reflected "growth".
- whiplash451 4y agoKeep in mind that SNAP did +50% a while back the day FB crashed after a dark earnings call. If you own SNAP, you know you’re in a rocky boat.