if i were alibaba, i will offer $10B to snapchat (upper limit: $15B) if managed properly, it can bring a lot advertising revenues they just need a bit more creative with their filter snapchat is a strategic play for alibaba to tackle fb's instagram imo
Watch the chart and reread what I wrote. After a quick run to almost $30 we went down 40% to below $18 in about 3.5 months. That's more than 10% a month, unfortunatelly a loss, not a profit. The whole operation was to sell expensive and buy back cheap. Facebook just copied an important (the most important) feature "Stories" from Snapchat and has already more users for it then Snapchat. PS:You can also read posting 8 from me.
WTF! http://markets.businessinsider.com/...gs-stopping-it-from-soaring-2017-7-1002164298 "We were wrong." That was the bombshell line leading off a note on Snap from Morgan Stanley on Tuesday morning. Snap's lead initial public offering underwriter downgraded the company to a neutral and lowered its price target by 42% to $16. The bank's bear case for the stock is $7. "We have been wrong about SNAP's ability to innovate and improve its ad product this year (improving scalability, targeting, measurability, etc.) and user monetization as it works to move beyond 'experimental' ad budgets into larger branded and direct response ad allocations," Brian Nowak, an analyst at Morgan Stanley, wrote in a note to clients Tuesday.
They were not wrong, they were paid for an IPO at the highest price possible. They did a very good job for Spiegel. The arguments they use were already valid and visible 4 months ago when the IPO was initiated. I posted some of these arguments already in january. MS should give me a job. IPO was speculating on the greed of people, pump the hype and dump the stocks.
Anybody else having bought PUT option when this CRAP of a stock hit the market? I bought an armada of puts when price was above 25. Morgan Stanley hitting the brakes on the stock makes me think "Hum, what does MS know, we don´t know"? Only too good, MS is my PB! LOL! Got to make some phone calls.