Negatives: Was hemorrhaging almost $100m every quarter. Has wasted millions of dollars on their first gen of “spectacles” and now they are trying to do it again, and they didn’t listen to anyone’s complaints about the first gen (As usual). No one is going to want to talk to you if you have snap glasses on either. Getting sued for patient infringement by Blackberry, who have already successfully sued FB. https://www.pacermonitor.com/public/case/24121187/BlackBerry_Limited_v_Snap_Inc Targeted advertising is under congresses eye now, which is SNAPs main revenue stream. People will pay a small fee for ad-free FB, nobody is going to pay for SNAP. Their business model is dependent on nothing changing. CEO doesn’t understand his own company. Market Cap @ 18B? Gimmie a break, this is the fidget spinner of tech. They are easily replaceable and FB knows it and is going after them. Positives: Might have a “good” earnings report where they only lose $50 million dollars
