Summary: OVERPRICED
Score: 8/20
MOS: -1,861%
Share Price: $25
Sticker Price: $1
Another overhyped IPO from the past few years. This stock went public in 2017 at the share price of $27. Today, the stock is at $26.
Snapchat has some interesting facts…
Over 218 million daily active users worldwide
Average age is 18 – 24
61% of the users are female
3.5 billion snaps are sent per day
The problem with Snapchat’s revenue model is it hasn’t found a great way to sell ads. Facebook was able to figure this out which has made Facebook extremely profitable. Snapchat is still trying to crack the code. I don’t know about you, but I’m not going to wait and find out if they do crack that code. There are plenty of other stocks to pay attention to.