Snap: Chat

So, the 'market' will tell us that Snap is probably the most appropriate name for the business after it released its Q2 earnings. Really? It's not doing very well apparently. Are we really, all of sudden, that demanding? The team only created a business in a short time where people 'snap' 3 billion times a day, increased those daily active users by 7m in the last quarter and has revenue of $183m last quarter. $183m! This is incredible, but the 'market' wants more?. The share price is tumbling, a buying opportunity? I'll take that bet when the shares fall (again) and the main reason is that people everywhere I look (*under 30) love it and use it hourly in some cases, hourly!. If this is failure I will have some, thanks, cross my fingers and wish the team good luck. I'd rather be human like this than a number cruncher. Oh, wait, I am a number cruncher. :)

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