The Original AG 76 said:

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I dont use snap so I have an honest question....
What is it ( all I know is that it is some kinda picture sharing app) and how does it make money ? I understand how FB with their ads popping up all over the damn place sells space but how does some picture app make money ?

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I'm by no means an expert but have the app which I occasionally use.

Snapchat has what they call stories which is a collection of videos and pictures from sponsored brands. ESPN, CNN, Food Network, NatGeo, WSJ, etc, etc, etc, all have their own featured "story" which users can click on an watch. They are usually topical and change out daily (maybe more often). Those companies pay Snap per view and there are also adds which play in the "stories". I'm assuming Snap takes a percentage of the ad revenue and the rest go to the companies.

I don't use the app enough to know but I don't think ads pop up if sharing pictures/videos between friends, I think its just on sponsored content. They seem to have a viable revenue model and less intrusive ad structure than Twitter so I think they have a chance.

$31+ billion market cap for a company that gained popularity as a teenager sexting app.

CNBC said a private school got in on the IPO very early & turned $15k into $24M.

https://www.bloomberg.com/news/articles/2017-03-03/california-high-school-makes-24-million-from-snap-ipo?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
One students dad is a Venture Capitalist and convinced the school to invest $15k during an initial seeding.

Impossible for them to do that with the stock. Very possible via the way the article states

For what it's worth, I read something that Snap users spend 25-30 minutes daily in the app. That looks more like Facebook usage than Twitter and why I wouldn't be so quick to buy a bunch of puts or laugh at the valuation quite yet.

Jumped in to see where it goes. Hopefully enough idiots bump it up.

I bought 100 shares on Friday morning and bailed on it this morning before it began to drop...made just over $100 after transaction fees...(still have to split some of my winnings with Uncle Sam tho)

Just waiting for options on this thing

https://www.smarteranalyst.com/2017/03/07/snap-inc-snap-perfect-ipo-scam-gets-derailed/

Looks like they tried to pull a fast one on investors and their bluff got called.

Read they are down 35% since the first couple of days after the IPO. Could they have a bounce like facebook?

Now that the lockout period is about done is anyone planning on getting in on this? Or is the perception that this trend will continue to fall?

boyz05 said:

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Now that the lockout period is about done is anyone planning on getting in on this? Or is the perception that this trend will continue to fall?

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I think SNAP is in for a bit more drop still. Screw the 400MM shares coming that just came onto the market, but what about the 800MM coming into play late August. I can see Snap being around $10 by the end of August.