I think we can all agree that Snap is troubled, and it is true that the stock has lost nearly half its value from its IPO, but this company is still valued at $17 billion. Where is the value? As an ad platform, Snap is failing, and advertisers have been defecting in droves. Why? Because those who use it, being kids, don’t have a lot of money to spend. Snap never busted its small niche, and now, Facebook is busting Snap. If you are holding SNAP, I regret that a recent analyst downgrade may have already cost you some of your value, but I would still urge you to get out.
Chart courtesy of www.stockcharts.com