SNAP

Difficult-Ask2278

I thought SNAP specs were gonna be a hit! It turns out it fucking sucks! - Evan “Tim Robinson” Spiegel

Soldacki

How is SNAP down? Their unwearable glasses are only $2,200

BlueBrye

SNAP is trash

cherry_cream_soda_

As you said, it's making an extremely concentrated bet on an asset that you already have a huge amount of risk tied up in because your employment and income are already tethered to the company's performance. Assuming it's a public company, it's really only worth it if you have some sort of edge from working there that gives you higher conviction in the stock long-term. The problem is people tend to have very distorted views on their employer's health, especially if you're just a rank and file employee with mostly the same knowledge as anyone outside of the company. It's easy to drink the kool-aid and actually opens you up to even more cognitive bias when evaluating the stock since you're embedded in it. Look how something like WeWork turned out for the employees who stuck with their shares. Or even something like SNAP which has lost 94% of its value in under 5 years.

DougS66

I can’t stop laughing 😂 Does the movie 🍿 ‘Risky Business’ come to mind when you see the CEO for SNAP?

gizamo

The Apple Vision Pro does not need to be plugged while in use. Why are these SNAP shill posts always filled with these sorts of straight up blatant lies? Lol.

OpenDaCloset

As much as I hate Evan Speigel and what he has done to investors of SNAP. I watched YouTube videos of them and they are pretty cool.

InvestigatorPlus3229

lol the SNAP ceo is getting absolute roasted for his ugly 2 thousand dollar computer glasses

ComfortableSweet1965

SNAP 2028 leaps

Soldacki

Gonna buy SNAP calls tomorrow and start posting rumors about how META is going to purchase SMAP

No-Replacement-8297

SNAP going to zero LMAO! Are they fucking crazy with these 2k blind grandma glasses! 🧑‍🦼‍➡️

PossumImposter2

Holy shit what was SNAP thinking with these new glasses?! TWO THOUSAND DOLLARS?!??

TheGoodSurgeon

What if I actually like the SNAP glasses 🙄🤓

Soldacki

Have you guys seen the SNAP glasses? I think the stock goes to $0 on them https://preview.redd.it/42a83cecsq7h1.jpeg?width=875&format=pjpg&auto=webp&s=0e362d755235e8f53b784deb09bbef63baf96ed6

CalebVanPoneisen

There were a few posts about SNAP mooning bc they were going to charge their users money for more data or whatever. Funnily enough, it’s been tanking ever since.

Zealousideal_Cat4680

This DD makes sense. SNAP has always been about gooning.

Calidian

https://preview.redd.it/lase0f78dq7h1.jpeg?width=1206&format=pjpg&auto=webp&s=3e801daafaa65307706ce33dfaa0e004cdb0443a I’ve been telling people about SNAP for a minute. See you all in the double digits.

Popular_Tomorrow_204

Well i will keep my SNAP shares, but this aint it lil bro

Anon-Monk

Why SNAP, and not META or APPL AR hardware?

Effective_Dog3089

I’ve heard enough. Full porting into SNAP tomorrow.

moorhound

>Snap Launches $2,195 Specs, Declaring Glasses the Next Computer I can't stress this enough, puts on SNAP

Alternative_Rule6208

Where are SNAP bulls.

Difficult-Ask2278

I bought SNAP calls because I’m gay and retarded 😂

Waiting4Reccession

The reddit ceo is more retarded than this SNAP ceo, cuz atleast the guy at snap had the sense to cash out big time at the prime time to do so lol

ListerineInMyPeehole

No one: Not a thing in the universe: SNAP: -8%

sadlittlewaffle

I can’t wait to buy SNAP glasses for 2k just to watch Furry Porn while my wife and her boyfriend make me dinner. SNAP calls are the obvious play

plumpypenguin

if you buy the SNAP glasses, I automatically assume you wear a bicycle helmet on the bus ride to your Wendy’s job

vermilli21

Puts on SNAP

BucDan

The SNAP CEO looks like a dweeb with those glasses on 😂😂😂. Whoever told him to wear it had to want the company to fail.

trsx5

https://preview.redd.it/bt5uiqs3yo7h1.png?width=368&format=png&auto=webp&s=288ce7dab09b25ac9ad8835c09bd028c3874a92a Ayeeee BUY OUR GLASSES LOLLL WTF IS THIS? FIRST FERRARI, NOW SNAP?

gomper

Holy crap those SNAP glasses lol

Burtonwurton

lol aint nobody tring to copy SNAP glasses. Fucking retard

trsx5

Yo is this SNAP CEO serious? Those glasses are fucking horrendous LOL

Xzlk

Had AAPL really not priced in that SNAP was not a hardware threat lmao

Xzlk

Do they have a “clap” sign at the SNAP event. They are all so out of place lol

Difficult-Ask2278

Evan “the shit boy” spiegel the keynote speaker at AWE in 3 hours and 69k open interest on the SNAP 6C expiring this week 🤔

Crazy_Donkies

My hope for today is the SNAP product reveal is amazing. But I doubt it will be.

WSB-mods-are-

Great news for SPY putholders. You are now eligible for SNAP benefits!

Any-Log-6706

SNAP 😂😂. They first tried with the Spectacles 10 years ago and ended up frustrating users with the kiosks. Nah, people moved on.

KarenBoof

I’d rather invest in MySpace than SNAP

Iulian1988

The problem with SNAP is that they are losing users quickly. The revenue growth is not sustainable is the users keep going down. Also I listened to the last earnings call and Evan sounded a bit autistic when asked what is his opinion about activist investor letter. The guy clearly lost his touch and this made me sell. Luckily I turned a good profit since I bought in at 4.5, was expecting more from the guy however.

FNFactChecker

Stop trying to make SNAP happen. It's never gonna happen!

HowToTakeGoodPhotos

Yeah that’s why it’s priced in. No one believes in SNAP

Bon_Koios

Invested in SNAP since 2020 only to lose money. Gains 10% and sinks 90%.

SunriseSurprise

There needs to be an image of this kid smiling but saying "I'm sorry" "Sad for you" "Shucks" for if I showed my all-time graph, which features such amazing hits as trying to reverse a SNAP post-ER rise and having it move 20% more against me ($10k loss), Chinese delegates not showing up to lunch with Trump ($5k loss), etc. I'm smarter now but we'll see how long this last.

lifeisaonewaytrain

With AI medical advancements we will be living until 100 pretty soon. 22% of everyone's social security has already been taken or disappeared, people who have been paying into the system are only getting .78 cents on the dollar. They made cuts to SNAP food stamps, Medicaid, Disability. They will cut all assistance they provide before raising taxes on those with over 500 Million dollars.

iiGoodVibesii

Thats the equivalent of buying $SNAP. Good luck!

taffy_laffy

SNIP SNAP, SNIP SNAP. i can't handle all these intraday pump and dumps, i thought we agreed to a deal yesterday and project pump was on, now suddenly market wants to dump and oil mooning. fuck

SunriseSurprise

Join the club. My all-time is bad because of doing that a lot. And sometimes it's stupid shit. The worst was losing about $10k trying to do puts after SNAP earnings report when they had shot up like 20%, and by the end of the day they were up nearly 40%. Of course from there-on out they collapsed and I really just didn't believe they were worth anywhere near what their price was, but the market timed that differently. I stopped playing into/through/after ERs and mostly stopped playing stocks altogether after that.

xxPegasus

$SNAP????? Bet. I'm in.

ShowerMotor

AI slop BS, moderators pls ban this BS — SNAP is a penny stock, do not touch it ever.

iamBuck1

TLDR: AI slop from a SNAP bag holder lol

No-Meat-1439

Something something chat-gpt, SNAP bag holder

pegasusCK

If you need a play right now. Like RIGHT RIGHT now. Its 1000% Google.... they are LITERALLY at the 30 day low with insane support at 355. Its not going to go low but it should SNAP up to 365 tomorrow for a quick $$$. Im fucked because I bought way higher up but if i had cash right now id be throwing it at google.

Any_Influence_8305

Are there any brokers out there that accept SNAP

Icreatedthisforyou

A lot of this is recovery. But even ignoring the first several years as recovery you can ask this question more broadly, why do Democrats have the vast majority of jobs created since WWII and why has every conservative president except Reagan has presided over unemployment increases, while no Democrat has (the worst was Carter who saw it flatline). The answer to this is conservative policies are absolutely dog shit for the economy. Tax breaks to the wealthy has consistently demonstrate a lack of return in the economy. While programs like SNAP, housing assistance, and energy programs to assist the lower income individuals have consistently demonstrate substantial economic return. Slashing government funding and SERVICES means that you lose out on infrastructure improvements and jobs. You lose out on services small businesses rely on to start up and run, in particular in rural communities. You lose out on education programs that help people transition to new emerging field. You lose out on programs that support family farmers and feed poor people by buying food to support food banks. A lot of these services ARE NOT DIRECTLY PROFITABLE. Which means the private sector won't do them when they are gone. And that means every place that relies on these services is hit and doors start closing and consolidation to fewer larger companies occur. The end result is from a societal stand point these services pay for themselves but SOMEONE has to take the hit in the unprofitable part. We only have 14 presidencies worth of data to look at. There is a stark difference between the economic results of conservative presidents and Democrats. More than twice the job growth under Democrats, reduction in unemployment under Democrats, faster wage growth under Democrats, lower inflation under Democrats, higher stock market returns under Democrats, larger GDP growth under Democrats, slower national debt growth under Democrats. Most recessions start in conservative presidencies, and 3/4 of the quarters the US has been in recession since WWII we have been while conservatives have the presidency. It honestly isn't complex. Think about your local community. What could be done to improve it? And ask yourself if it isn't being done now by the private sector then who will do it? The answer is... GOVERNMENT. Local, state, federal doesn't matter that is where those projects funding and support comes from. Taxes fund those things and as a result stimulate the economy. Also blue states disproportionately fund the federal government and blue cities disproportionately fund state governments. Democrats are much more likely to support infrastructure and projects in rural areas that benefit rural areas than Republicans are. The alternative is you cut a wealthy person's taxes and their hoard grows a little larger. Maybe the buy another mansion, yacht, jet, or half a dozen politicians. So yeah turns out it isn't hard to create jobs when you look and go "this money could sit in a billionaires stock/yacht/mansion/supreme court justice vacation....or we could use the same money to literally create thousands of jobs" Like you take $1b from each of the 10 wealthiest people in the US, you have $10b and all of them have lost LESS than 1% of their wealth. A LOT less in many cases. Median individual income in the US is $45k you can literally directly pay 200,000 people a salary for a year off of that. And those 200k people will love all over the place, they spend money on housing, on food, mechanics, cars, health care. In the US we have about 200 auto mechanics per 100k people. So those 200k jobs also helped support and creat 400 mechanic jobs. 740 electricians. 300 plumbers. 500 doctors and 2500 nurses. 120 dentists. 2400 teachers, 500 police officers, etc...you get the point. I just listed a few jobs and we are already at what 7500 jobs and well paying jobs that are supporting those 200k jobs. Those are mostly the higher paid service jobs which there are far fewer of compared to the lower paid service jobs like restaurants and retail. That support not just those 200k jobs but those other jobs that were mentioned.

Downtown_Log2654

Honestly, we need a better government. We should already have better stuff with the taxes we pay. No healthcare, no nothing. The money goes to support wars. DOGE cuts already gutted out macro benefits (like being a part of WHO - now, we have an ebola crisis and Americans are held in Kenya) I mean they cut even SNAP and Medicaid, and large portion of those fed children and elderly. SNAP was created to help farmers and larger economy by keeping healthy turnover.  In the US, there is this idea, which I think is fed to the people via propoganda that our taxes are obligations. Normally, taxes are supposed to be investments. When I pay my taxes, I am actually paying it so that the government can allocate it for better schools, roads, healthcare, support systems, etc, which helps my life, safety, wellbeing, and the larger economy too. What do we get from AI? Job loss, survellience, systematic manipulation, political targeting, water pollution, etc.  Sorry, I vented a lot but really we are already being ripped off by our government, unfortunately.

Top-Meaning2626

How could they miss earnings? Everyone is racing to IPO this year before the GREAT THANOS SNAP. NOBODY WILL HAVE MONEY YO BUY IPOS NEXT YEAR

Chicken-Burrito22

Thanks for the response! I have actually thought of doing this for a couple of months. Only reason why I haven’t donde it is because both NIO and SNAP are at a -80% loss so I figure even if it keeps going down I have lost most of the money already, and if it goes up I can make some money back and sell later or hold on forever and use them as a lesson for in the future. I definitely got carried away with those two and Draft Kings.

booobReviewer

MSFT, and GOOG are a strong foundation. The problem is the tail: SNAP, NIO, DKNG are basically speculative bets that haven't worked. DKNG could still pay off long-term if they reach profitability (they're close), but SNAP has structural ad revenue problems and NIO faces existential risk from EU tariffs and BYD's price war. A clean move would be cutting SNAP and NIO (take the tax loss if anything) and sizing up in your winners or adding something like VOO. Makes your portfolio simpler and removes the emotional drag.

electrabran

did SNAP just report earnings without telling anyone they were going to?

iwaseatenbyagrue

SNAP is a loser I think. It's not going back up.

FinancialTower3672

SNAP’s last chance is a federal ban on porn

purpleinme

I need to apply for SNAP benefits tomorrow. Thanks IBM!

thenuttyhazlenut

I like the China exposure, but 20% is quite heavy. I think Tencent, Tencent Music, and JD look more attractive than BABA in terms of value. With BRK you're getting some exposure to APPL already if you haven't considered that. I would ditch SNAP. Instead of betting on GOOG, MSFT, APPL and META... I'd concentrate it 1-2 of them you have the highest conviction for.

iBoughtAtTheBottom

I work for a state DHS hotline and I gotta say…you poors are getting soo desperate. WAY too desperate. Just lie on the application and quit calling and begging for SNAP and Medicaid. Literally did you not read the fucking letters we sent you? Let’s go over it together regard LMAO 🤌

FinancialTower3672

Alright my turn HEY GUYS SNAP BOUT TO BE THE NEXT 1 T Stock Help me UNLOAD THESE BAGS

BabyLetsKeepNTouch

Back in the day, working for a brokerage firm, people would call in trying to buy SNAP, but instead bought SNA, a tool manufacturer

Chumbucketdaddy

SNAP still isn’t profitable no? I was in the boat of thinking Reddit wasn’t profitable so I ignored it at IPO, just bought in recently at 150 lol.

corrieoh

SNAP

ShukantPal

Is $SNAP completely dead? I've been holding it for a while now.

Biostatistix

Tell me next time. I have SNAP calls but not printing yet. Wish I had grabbed APPS

Biostatistix

A little more volume and SNAP could pop 20%

Biostatistix

SNAP

WrexyWrex

SNAP will rally on APPS earnings. I already bought calls on both today

BaconJakin

Snip, snap, snip, snap, SNIP, SNAP

rithsleeper

Worked out great for SNAP!

ohgodthehorror95

Not if you're SNAP though 😆 They're uninvestable as long as Evan is in charge

hazycrazey

So 5 shares of SNAP

thinkmoreharder

The US has (had in the 1960s) one, the SNAP10A. Russia has TOPAZ reactors for satellites.

ImaLawyerFL

Reddit, as a business, is trash. It will likely go down the same way as SNAP. They aren’t innovating. It’s just junk

Biostatistix

SNAP

Global-Layer6530

You know, I feel like they used to be able to be traded on RH 24/7, but maybe I'm misremembering. My buddy has some skin in the game so I went to buy a few shares after he told me it dropped after earnings. I think it's like SNAP where everyone investing in it is just crossing their fingers that they get bought out by a competitor at an insane premium

nikc9

SpaceX alternative stock basket You can buy ~26% of SpaceX's market cap, ~5.7x its revenue, for a basket trading at 4.3x sales vs SpaceX's 93.7x | Unit | Ticker | Mkt cap | Revenue | Net income | P/S | Rev growth | |:--|:--|--:|--:|--:|--:|--:| | Launch | RKLB Rocket Lab | $72.6B | $0.68B | –$0.18B | 107x | 64% | | Connectivity | TMUS T-Mobile | $206.6B | $90.5B | +$10.5B | 2.3x | 11% | | Social (X) | SNAP Snap | $9.4B | $6.10B | –$0.41B | 1.5x | 12% | | Social (X) | RDDT Reddit | $28.9B | $2.47B | +$0.71B | 11.7x | 69% | | AI hosting | CRWV CoreWeave | $58.7B | $6.23B | –$1.59B | 9.4x | 112% | | Model provider | 0100.HK MiniMax | $26.7B | $0.08B | –$1.87B | n/m | 131% | | Model provider | 2513.HK Zhipu/Z.ai | $57.7B | ~$0.1B | –$0.27B | n/m | 99% | | **TOTAL** | **7 stocks** | **$460.6B** | **$106.2B** | **+$6.93B** | **4.3x** | — | Basket vs SpaceX (S-1, FY2025) | Metric | Basket | SpaceX | Read | |:--|--:|--:|:--| | Market cap | $460.6B | $1,750B | basket = **0.26x** | | Revenue | $106.2B | $18.67B | basket = **5.7x** | | Net income | **+$6.93B** | **–$4.94B** | basket profitable, SpaceX bleeds | | Implied P/S | **4.3x** | **93.7x** | SpaceX **~22x** richer |

Biostatistix

SNAP calls for dinner baby

zxc123zxc123

Throw in SNAP and AMC for incompetence, MO+STZ for drugs, and MSTR for extra grift.

Biostatistix

SNAP gonna pop finally

Lost_Girl13

SNAP bounced off vwap

Biostatistix

SNAP up

kmouratidis

Don't know about APP, but RDDT is also in a much earlier phase. E.g. SNAP/PINS are the common comparables, and both are closer to their user caps (whatever they are) than RDDT to its own user caps (whatever they are). This means user growth should expected to be high (as was true for AMD/Intel when they meaningfully enter(ed) the good-for-AI GPU market).

Clappindemcheekies

SNIP SNAP SNIP SNAP ass after hours

theMightyEutsey

Been thinking a lot about SNAP recently... just feels so cheap for as large as they are. Like 1/8 of the population using an app on a regular basis. Feels like something is being missed, I sold some calls after doubling the pos a few weeks ago but an curious if it's time to go back in for more...

EducationalMango1320

Yes. For the Snap settlement, what really matters is whether you bought SNAP during the class period (Feb. 5, 2021 – Oct. 21, 2021) and had a recognized loss from those trades. But you should check, because there's also a minimum amount of losses required to receive any payment. 20 cents sounds too little to count, tho 

Biostatistix

SNAP crackle pop baby

Biostatistix

SNAP calls, poised for breakout this week

Biostatistix

I keep telling y’all SNAP is about to pop off - stop downvoting me and look at the chart

Biostatistix

SNAP about to rocket this week, you’ve been warned.

Biostatistix

Snapchat SNAP moving up ??

travishummel

Now do SNAP, UBER, LYFT, CART, DASH, RIVN, KVYO, RDDT, and CAVA. Some up, some down. Idk these were the ones off the top of my head that I remember going public and thinking “oh! I should invest in that IPO… or wait… should I?”

Weldobud

SNAP is doing better then I thought