I know from my own experience as an online entrepreneur how hard it can be monetizing a platform or website. Look at twitter the stock has been in decline since ipo and only now the turnaround is starting to work out. The same fait is waiting snapchat long term. Yes they do have a lot of users but most are youth and it's very difficult to show ads on a platform like snap. Advertisers are not interested in this. I would not hope on an acquisition by a larger corporation. Facebook doesn't need snap.
I have bought long dated put options and short ones with different strike prices to bet on a decline. In the long term i see snapchat going below 8 dollar per share. Short term i believe the stock price is going to 12 dollar.
I have bought long dated put options and short ones with different strike prices to bet on a decline. In the long term i see snapchat going below 8 dollar per share. Short term i believe the stock price is going to 12 dollar.