SNAP is it possible to go lower? $2.35 or $0.99 is close to nilSNAP, one of those company doing new things, that kind of things we have no idea how they do it, but it looks funny to share a goofy pic with your friends. But the question is, how do they make money in the short and long-term? The truth is, you can't expect to make a profit just because of the number of users if they don't pay for. Even more, if they're mainly teenagers. At the end of the day, irrational people just buy over and over following the rallies. Do not forget, professional investors and traders, love stupid money, "a fool and his money are soon parted", so if you do not know how to play this game, learn how or just get away from it.
Recently, more than $13 billion in market cap has been wiped out. Of course, this stock could be smacked again, so chances of seeing a price about $2.35 per share could be much closer than we think.
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