This guy says Snapchat worth $500 million as opposed to the bubble $25billion!!

On february, 2 Snapchat announced to go to NYSE. Shortly after investors started to buy stocks Snap Interactive. The stock exploded. Snap Interactive is a software company with sales around 36 million and has nothing to do with Snapchat.But greedy people do mostly stupid things and don't even check. Their only worry is to miss the opportunity. Well they did not miss it this time.

This is Snap Interactive. LOL.
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Mtrader said:
On february, 2 Snapchat announced to go to NYSE. Shortly after investors started to buy stocks Snap Interactive. The stock exploded. Snap Interactive is a software company with sales around 36 million and has nothing to do with Snapchat.But greedy people do mostly stupid things and don't even check. Their only worry is to miss the opportunity. Well they did not miss it this time.

This is Snap Interactive. LOL.
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Snap Interactive (STVI) did a 1-for-35 reverse stock split on January 5th, which explains most of the rise in your chart. The jump in February might be confused investors, but who really knows?

You should consider using back adjusted prices when charting. It's less misleading in cases like this.
 
BigTommy said:
Snap Interactive (STVI) did a 1-for-35 reverse stock split on January 5th, which explains most of the rise in your chart. The jump in February might be confused investors, but who really knows?

You should consider using back adjusted prices when charting. It's less misleading in cases like this.
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From what I read the stock went up 160%, which can be correct after reading your remark. So the stock would have been around $3. Did not know about the reverse split.
 
S2007S said:
This company would not have such an insane valuation if it were not for the free trillions the fed printed...... money has gone in every direction since the fed bailed out the economy and with so many trillions just sloshing through the system its creating ludacris valuations on companies that would have probably never existed....if you see where most of these startups came about most happened in the last 8 years during the trillion dollar bailouts.....and look at all the other startups that are around, most of these new companies have never ever been through an economic downturn or recession.... Just wait and see how the unicorns carry through the next bear market and deep recession....
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Either you're right or Uncle Milty Friedman is right. You can't both be right. According to Uncle Milty, if there are billions, opps I mean "trillions just sloshing through the system" there will be "ludacris" [sic] inflation. But where is that "ludacris" [sic] inflation??? Will the person who is wrong here please stand up. Oh, I forgot. Uncle Milty can't stand up. I guess that leaves you, Agent double O seven.
 
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piezoe said:
Either you're right or Uncle Milty Friedman is right. You can't both be right. According to Uncle Milty, if there are billions, opps I mean "trillions just sloshing through the system" there will be "ludacris" [sic] inflation. But where is that "ludaicris" [sic] inflation??? Will the person who is wrong here please stand up. Oh, I forgot. Uncle Milty can't stand up. I guess that leaves you, Agent double O seven.
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Don't get these guys started. According to them there is ludacris inflation, "they" are just lying about it.
 
Mtrader said:
On february, 2 Snapchat announced to go to NYSE. Shortly after investors started to buy stocks Snap Interactive. The stock exploded. Snap Interactive is a software company with sales around 36 million and has nothing to do with Snapchat.But greedy people do mostly stupid things and don't even check. Their only worry is to miss the opportunity. Well they did not miss it this time.

This is Snap Interactive. LOL.
View attachment 170669
More...
I don't think humans are buying it. I think it's algos.
 
As far as I'm concerned, this company is clearly worthless. I only see advertising as a potential revenue stream.... and I would wager that the vast majority of their user-base has essentially zero disposable income.... which doesn't exactly entice advertisers.

Full disclosure, I've never actually used their product, and never intend to.... I'm just going off of what I've heard about it.
 
as george would say: markets are reflective.

this company uses the fact that all floats of this type were bought. I am sure some shorters still recovering from wounds.

So, no shorters present -> if does not go down, goes up.
 
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