Check out this week’s Winners and Losers video :: https://www.l2inc.com/winners-losers-facebooks-roadkill/2016/blog
I myself I am not addicted to Snap but have played with it enough to see the potential. However I find it is not huge in Asia as compared to its dominance in America – which is why I think FB has a chance to keep chipping away at it given how huge FB is globally. I think the Spectacles are pretty cool and actually want a pair.
Mostly though I am writing this article to remind myself to check on on Prof to see if he is right. He is predicting that Snap will collapse in value in 2017. With Snap heading to an IPO – this is gonna be fun to watch.
However read this to see how people are trying to buy up Snap shares ahead of the IPO and you wonder if this is a frenzy or people lining up for the next FB stock story? :: https://www.theinformation.com/snapping-up-snap-ahead-of-ipo-proves-tough
Then there is this article :: http://fortune.com/2016/12/02/tech-snapchat-spectacles-ipo/ :
Snap’s second feat is its forthcoming IPO. In November the five-year-old company confidentially filed to go public, according to reports, defying conventional wisdom among highly valued startups. The latest generation of startup CEOs disdain the short-termism of quarterly earnings reports; they see going public as a necessary evil to be avoided as long as possible. But not Snap CEO Evan Spiegel. This year has seen the slowest IPO market since the 2008 financial crisis. Snap’s IPO will be the most talked-about debut since Alibaba went public in 2014.
I honestly don’t know how to predict what will happen. My guess is a massive IPO pop and they will use the stock to go on an acquisition spree to shore up all angles of their vision but I wonder if they can build the profits like FB can over time. I am doubtful.
Will be great to see the outcome and watch the Prof either celebrate or eat crow.