You have to know the games of the market. The next round will be analysts raising their guidance.
It is a collaborative effort to downgrade to get the price they can load up for their hedge funds.
They took the summer to do it and now you will see the fall and winter run up.
The #'s showed growth in daily active users (which Twitter no longer has) and compared it to Facebook.
Remember when Facebook started they bashed that as well.
SNAP has a built in most desirable ad generating audience (Millenials).
They continue to grow and you will see merger talk with Google or FB buying them. The chatter alone will bring it back to IPO and in the meantime their growth will accelerate to a point will their fundamentals will grow or demand a higher acquisitions price.
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