SNAP Bad Earning Report Dragging Market and Social Media Stocks
Just FYI , SNAP dipped 25% on bad Earning Report , especially after a strong rally.
This have strongly affected the whole market, especially Meta.
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Giovanni Ayala :
moonchild28 : do you think will go up again? they are planning to split.
Pochong moonchild28 : Who is planning to split stock? I hope Twitter lose another 25% on earnings to drag down google and meta more. I wanna buy them at much cheaper price / share for the newr future ride up.
moonchild28 Pochong : snap considering to split the stocks.
Pochong moonchild28 : To what? It is going to $10 soon!
dekrill OP moonchild28 : Hard to comment, market always stays irrational.
But the point about them not giving guidance for Q3 is so bad (relative to the stocks buyback / stock split) , it's as if the company just points a middle finger to their own investors and says "I'm not sure where we are heading, we'll see"
Also, when a company stock price is cheap, then they do a stock split, it just don't seems very rational.
They putting themselves in a position where it becomes a Penny Stocks,which the inherent risk + prone to volatility is higher than big caps stocks. Whereas big caps stocks do stock split to make their price more attractive and improve "liquidity".
moonchild28 dekrill OP : no direction meaning is too bad.