What went wrong, /pol?

What went wrong, /pol?

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Overvalued, no voting rights

The IPO was a way for the founders to cash in

CIA leaks exposed they were sending data before it was encrypted. "Secure" messages weren't secure. Nobody was surprised.

>market cap: 22B

hahahahaha....

Just looked it up, Snapchat's revenue target is $1billion per year. That's not net income but revenue. Yet somehow their market cap is 22x their revenue goal.

Yup, no tech bubble.

I don't understand most of these apps

they don't make any money, everyone says "but they have a huge user base"

what's the point if that base makes you no money?

They're selling personal info.

too many niggas selling it and trying to crash this stock with no survivors

advertising

That's not what happened. The CIA's malware intercepted the raw data in memory before being encrypted. This is all done on the already compromised device. It's extremely difficult to get around that.

It's P/E ratio is utter shit and anyone that bought into the IPO hype is retarded.

Every meme IPO spikes and then fails, very few actually recover from the initial bubble popping

>makes you no money

you must have missed that part

It has "theoretical" future value, which lures in investors. Twitter has taken a $2 billion dollar loss over the past 10 years, yet people still invest. Their losses totaled $400 million before even going public.

This. They don't actually produce anything physical or have any real backup plan the same happened with Twitter. It was all hype then investors came to their senses that it was just that. Facebook at least made revenue through gaming apps and then bought Occulus which is why their stocks didn't really tumble.

it always is every time, I don't know why people participate in tech IPO's... you're supposed to get out at the first pump

It, like almost every other ecommerce stock, is literally worthless.

the bubble is about to pop...

ecommerce and data companies can have value if not just for the efficiency and insight they bring to market, but Snap's model isn't particularly monetizable to justify its scale or price, at least at a glance.

easily worth less than twitter (even though that can't into monetizing)

it's going to keep going down

Well, if you actually PROVIDE value, monetization would be easier, but the problem for most of these websites is they do not provide real value to anyone except for being a place for actual idiots to shitpost.

...

Besides facial, social network, and location data, what exactly is the value ($22,000,000,000) to data brokers

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put the .org in it

its a pretty flipping sweet thread guys

The chumpublican barty