Oh God! That was close we have been out of SNAP since the drone fiasco. Actually made $1.75
SNAP had a ridiculous PE in these market conditions.
The market will turn today after 2:00
SNAP has very little baring on FB. But it does reflect poorly on RBLX. This all comes back to that same Apple move that disrupted everything months ago-- let me try to explain Apple has given customers a way to avoid tracking by 3rd parties. Now I have not activated that nor do I know how to- so this my be a bit of a red haring but if every Apple customer was put on default setting this way and you had to opt in to sharing.. that would be devastating to companies like SNAP. When Snap pushes an image of something that you later buy on AMZN in the old format SNAP got apiece of that through Apple? It's all very confusing now maybe No.<-- So this ad only sponsored model is burning.
FB it seems to me has alot of oars in the water and can create real income AND businesses still have to advertise there-- I would pick up FB in the selloff. Avoid the others.