Why Does Snap's CEO Think It’s Not a Social Media Company?

It’s been a rough year and a half for investors in Snap Inc. (NYSE: SNAP), the company behind the still fairly popular video- and image-sharing app, Snapchat. It has struggled through an ill-recieved redesign, as well as chronic troubles with monetizing its users, and today, shares are trading at around a third of their IPO price. And then, there’s its latest self inflicted wound: CEO Evan Speigel’s recent memo to employees, in which he displays what the MarketFoolery guys describe as a disturbing lack of understanding about what Snap really is, and what it’s capable of becoming.

In this segment from the MarketFoolery podcast, host Chris Hill and senior analysts Jason Moser and Matt Argersinger weigh in on the memo, consider where Snap is going, and give their views on the beaten-down stock.
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Why Does Snap's CEO Think It’s Not a Social Media Company? investors bank email
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News & Politics	Upload TimePublished on 12 Oct 2018

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