People got wrecked on SNAP stock

[WizardofSoda]

Normies were buying this up at $75, now at $12.79 they are down 82% on their investment.

Thing for me is I studied Snap and I put the value even lower than it is now the market cap is $20.9 billion now. I probably wouldn't want to buy until it was at $10 billion or so.

 

[rope2cope]

over for SNAPcels

 

[WizardofSoda]

I'd probably estimate Snap's fair market value at $15 billion. One factor is even at this price of $20.9 billion, you might see Facebook buy it for like $30-40 billion.