Snapchat to IPO in March 2017


#161

http://www.bizjournals.com/newyork/news/2017/02/22/spiegel-tours-new-york-brushes-off-snaps-slowing.html

Sounds an awful lot like twitter.


#162

Snapchat is like Apple pre-iPod. It’s innovative but pretty awful in management. Facebook is like Microsoft during that time. It’s a well oiled machine, not afraid to copy features, and do them better.

The outcome will likely be the same. Facebook will crush Snap. Time to load up on $FB. The threat of Snap is way overrated.


#163

Already own FB in retirement and brokerage accounts :slight_smile:


#164

#165

http://www.cnbc.com/2017/02/28/snap-looking-to-price-ipo-above-range-sources.html


#166

Wow. I expect this to be the next twitter, fitbit, or gopro. It might have a nice gain short-term, since investors are starved for tech IPOs. Ultimately, the growth rate won’t justify the valuation and it’ll crash. My guess is within 12 months.


#167

LOL: Trap…Trap…


#168

http://www.cnbc.com/2017/03/01/snapchat-ipo-pricing.html


#169

8 times more than what Mark is willing to pay.


#170

Who’s SNAPing this up?


#171

I don’t buy until after employee lockup at the earliest. Honestly, most recent IPOs have disappointed over the last 2-3 years. I posted symbols of recent IPOs that are lower than 2 years ago in another thread. I think there’s more of those than there are ones that are higher.


#172

Have not subscribed to IPO for decades.
Have not bought within 1 year of IPO for decades.


#173

It is up at 25.18 ! I am inline with your take, never touch this stock. I can rather buy BRKB and sleep well for years !!!


#174

Probably another TWTR. When the price is low enough Trump family will buy it.


#175

#176

https://vimeo.com/213872606


#177

So when would investors leave snap inc in drove?


#178

I don’t buy it being a warning for the overall market. It’s honestly a repeat of twitter. It could be a warning for VC funding. There are a whole lot of unicorns and how many are profitable or even close to it?


#179

Oh Snap!


#180

I should have been more aggressive on that one. I didn’t want to get too greedy though.