Of all the social media stocks, Snap Inc. (SNAP) is by far the least promising. At a time when Facebook (FB) is taking big hits despite profits, Snap is a cash burn affair. The company’s second quarter results demonstrated that the company isn’t going to change that trend anytime soon. I’m extremely bearish on this stock. The value plays are starting to have their day, and this one doesn’t even come close. Second quarter revenues increased 44% year over year to $262 million. That growth was pretty great,
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Of all the social media stocks, Snap Inc. (SNAP) is by far the least promising. At a time when Facebook (FB) is taking big hits despite profits, Snap is a cash burn affair. The company’s second quarter results demonstrated that the company isn’t going to change that trend anytime soon. I’m extremely bearish on this stock. The value plays are starting to have their day, and this one doesn’t even come close. Second quarter revenues increased 44% year over year to $262 million. That growth was pretty great,
