Snap Inc.Long
$SNAP long term play
With schools closing nationwide in the US and other countries (although SNAP) isn't as big international (86% USA usage), the average user per day should increase from 218mil last quarter as well as monthly active users clocked in at 360mil the previous quarter. Last quarter (4q 2019) revenue doubled in advertising so the company was already gaining traction in the demand market for advertisers; expect that number to increase or at least hold. The drop off at these prices show a good risk/reward ratio. Snap has lost 50% of its market value in the past 3 1/2 months, there is a lot of room for upside especially with a likely increase in users and revenue.
SNAP) isn't as big international (86% USA usage), the average user per day should increase from 218mil last quarter as well as monthly active users clocked in at 360mil the previous quarter. Last quarter (4q 2019) revenue doubled in advertising so the company was already gaining traction in the demand market for advertisers; expect that number to increase or at least hold. The drop off at these prices show a good risk/reward ratio. Snap has lost 50% of its market value in the past 3 1/2 months, there is a lot of room for upside especially with a likely increase in users and revenue.
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