What went wrong?

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>>3024625
Niggers

No new features.
Doesn't allow multiple logins.
No direct line to social media for people to discover others.

>>3024625
>I'm not gonna buy crypto it's too volatile. That shit is a scam
>SNAP stock down 12% today, down 50% from IPO price
t. fucking normies

>>3024625
it's gimmicky, get boring after awhile

>>3024625
which cryptocoin is this?

>>3024625
Instagram's similar features.

Holy kek just found this article written a few hours ago:
https://www.cnbc.com/2017/08/11/snap-is-getting-destroyed-because-of-its-unwillingness-to-work-with-wall-street.html

>SNAP is getting destroyed because it won't work with (((Wall street)))
>It's their fault for not giving us our cut of the pie goyim
>Remember to always work with jews and pay your taxes goys

>>3024642
>no new features

Its like you fags are really really dumb

>>3024682
They're doing awful and should do what they must. Anythin is better than now, at this rate they will become nothing soon.

>>3024719
Name one.

>>3024721
Good. If you're going to gamble on high volatility meme tech stocks, just fucking buy crypto. It's the same thing but with odds in your favor (because the overall market is fucking booming instead of croaking).

Anyone who invests in the smartphone app market anymore deserves to lose all their fucking money.

>>3024726
they have a hotdog now

>>3024773

Don't forget it dances too.

>>3024682
Exactly, they missed wall streets expectations for the stock. And so wall street threw a hissy fit. The underlying business has been growing over the last year, in users and revenue

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>>3024625
Putting a new-age business model on the stock market, for starters.
I have to wonder, does Snapchat have no financial advisors? Or a legal team? Or anyone with half a brain?

Why the FUCK would they get stock options for an app-based business with an extremely simple revenue channel and with similarly elementary expenses?
It's a structure that works when you have like 2 people on board plus essential staff, what the hell were they expecting bringing in the whole fucking planet in a room where 3 would already be a crowd?

>>3024625
Should have sold to Google a year ago

>>3024625

What went wrong is that you should never buy stock in a company whose sole product is a gimmick with no multi-decade potential.

KIK is better for nudes now.
Instagram is better for selfies.

They should have never gone public, and you should have never bought.

What went wrong with twitter then? Seems like it was the better product but it's below it's opening debut.

Social media companies are truly a meme.

>>3025361

>Social media companies are truly a meme.

This should have been obvious after the meteoric rise and summarily quick death of Myspace.

>>3024657
kek

>>3024625
"This is what the kids are into" the company.
How much do you charge them? Its free.
Do you sell a product? No.
"Ok, here's $40 billion"

>used primarily for nudes
>tabloid central
>snappening
>giving info to gov for facial recognition
WHAT WENT WRONG

Lol, nobody is gonna use Snapchat in 2020, which is when they expect to finally turn their first profit

>>3025361
Twitter and blackberry were at one point king when I was 14

Twitter peaked when I was 17 and got shitty after they constantly kept changing the UI and they started banning popular pages that had actual "good content" that engaged the community.

Twitter just became a something you used to post cringy shit on in high school and want to forget about.