Let’s Just Get These Out Of The Way
The IPO of Snap, Inc. (the makers of SnapChat, who are making a big point of describing themselves as “a camera company“) is hotly-anticipated. There’s no exact date set yet, but I guess it’ll come out in March, and all eyes will be upon it, since it’s always a good litmus test to see how the public markets are doing when a money-losing behemoth comes out.
Twitter (TWTR), as we all know, soared at first, and it’s been a complete train wreck ever since.
Facebook (FB), on the other hand, flopped at first, but it’s been a blue chip since then.
As Facebook was doing poorly, lots of obvious jabs were used, such as “Faceplant”. Should SNAP ever encounter a period of weakness (if you can imagine such a thing), I’d expect some really predictable headlines will include…….
- SNAP turns to CRAP
- “Oh, Snap!”
- Price “snaps” lower
I’m sure there are plenty others. Anyway, it’s about as predictable as the next major U.S. elections, when God-knows-how-many campaigns will try to play off the “2020 Vision” theme.
Disclosure: None.