Snap is over-valued, unprofitable, vulnerable to Facebook, unaccountable to shareholders, and suffering from slowing growth. But that won't stop its shares from popping when they start trading. Ultimately, its location in La La Land is what dooms it as a long-term investment.
Snap is over-valued, unprofitable, vulnerable to Facebook, unaccountable to shareholders, and suffering from slowing growth. But that won't stop its shares from popping when they start trading. Ultimately, its location in La La Land is what dooms it as a long-term investment.
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