Here's What I Think About Snap
Tim Knight | Sep 12, 2018 03:15PM ET
With the notable exception of cryptocurrencies, there has been no financial instrument I’ve loathed more than Snap (NYSE:SNAP). The company, which pretends that it's a camera company is instead, as we all know, the maker of ONE product – an app – that lets you share disappearing pictures.
When it first went public, I pointed out that the ticker actually stood for 'Short Now And Profit.' And I was right. This thing has been a complete toilet-flush for its entire history as a public entity and although people thought I was out of my mind to predict a single-digit stock, it is already there. Firm support remains at $0.
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