Snapchat dominates other platforms among U.S. teens identifying it as their favorite social network. In the spring of 2017, Snapchat is the clear number 1 for teens in the United States, with nearly 40 percent of the 5,500 teenagers polled for Piper Jaffray’s bi-annual “Taking Stock With Teens” survey naming it their favorite social platform. 23 percent of the teenage respondents called Instagram their favorite; Facebook and Twitter share third place with 11 percent each.
Snap, Inc. develops a text and photos based messaging app for mobile phones. Its platform enables users an photos sharing with friends and control how long they can view their message. The company was founded by Evan Thomas Spiegel, Frank Reginald Brown IV, and Robert C. Murphy in July 2011 and is headquartered in Venice, CA. Shares of Snap Inc. SNAP, -0.15% fell more than 12%, reversing two straight sessions of upswings since its market debut. The selloff followed two more bearish initiations on Wall Street, adding snap stock forecast to several others stocks that have emerged in the past few days claiming the stock is overvalued. Snap Inc. stock soared another 11% to top $27 Friday after rocketing higher in its market debut the day before, but a wave of analyst initiations Friday show Wall Street doesn’t think Snap is worth the price. A number of analysts in recent days have expressed concern that Snap stock is overvalued, particularly when it was trading well above its IPO price in the high-$20s range. The average rating on the stock among a poll of six analysts surveyed by FactSet is the equivalent to sell, while the average price target is $16.50, below Snap’s IPO price. Now currently Snap stock price is 20.22$. As they are growing up we must look forward to invest in Snap Stock.
Teens and their Snapchat. I wonder if something is gonna change now that Facebook has its own "Stories".
Wound up keeping 5 , traded it a few times both directions, makes good moves at times, nothing I would want to keep much of though.
Wonder if one day our kids will call us "old" for using Facebook the same way we did with our parents and their "vinyl" when CD's came out? Not really........ I don't see it, what am I missing??... I got this app right before the IPO just to check it out.... Seemed to me like nothing more than a less convenient way to text........ How does this tie the world together and connect people like Facebook does???
and teens don't have money to spend on after their pot purchases..i wonder how snapchat is gonna help attract ads
Not me, guessing more downside. The dump was AH so the general public probably don't know yet. I'd say there will be selling frenzy at open. It's gonna bounce w the shorts and new buyers jumping in.
Blood Bath coming in the opening bell everyone is going to sell it and then panic selling coming right after(brandonalexander)
will go back to IPO price which i think was like 17 and some change.. may take a good while to see a uptrend unless they come out with something big. if not its the same old same old the CEO's are already billionaires
