I don't believe that Rihanna's tweet caused $800 million worth of investors to change their mind. In fact, it only finished 1% lower on the day.
SNAP stock is like any other: noisy.
Is this true? From the article it doesn't sound like Snapchat made the ad. It sounds like some other company made the ad and paid Snapchat for it to be placed on Snapchat.
Of course, if there's evidence Snapchat personally animates every ad on their platform, I'd love to see it.
https://news.ycombinator.com/item?id=16439534
So can we safely create a model for writing stories?
If SNAP stock sinks
find (social media from $celebrity)
write $celebrity responsible for wiping $x in market value.Of course people will uninstall the app as quickly as it's uncool or they are told to by their idols.
If Snapchat generated any kind of value / saved a lot of time, people couldn't afford to just get rid of it.
Additionally, Snapchat has a bunch of effects that you can add on top of videos that people enjoy, for example the dog ears and nose and tongue.
And Snapchat has text chat and group chat.
And Snapchat has “stories” that you can post pictures and videos to and view other peoples “stories”. A story is a feed. You can either post to a story that your friends can see or a story that people in a group can see or to “our story” that everyone can see.
The intristic value is communication. They are far from the only one to let you communicate but they have a polished product and they are offering a different sort of communication than a lot of others do.
I just dont get how can SC be valued so much when all it does is move pictures around.
DB adds tangible value.
People ought to care more than they do about domestic violence, regardless of how wealthy those involved are.