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  1. #11  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Quote Originally Posted by Retread View Post
    As they say in the patch - GFL!

    LOL, didn't get any today! It was trading in a
    fairly tight range, 26.05 / 23.50 after opening at 24.

    After all the hype I thought it might have gone higher.

    One thing different about SNAP stock is it's
    all non-voting. That was a big concern voiced by many.
    May the FORCE be with you!
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  2. #12  
    Moderator RobJohnson's Avatar
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    Hereís How Rich the Snap IPO Made Snapchatís Founders

    Snapchat CEO Evan Spiegel will be taking $1 a year home in the way of a salary.But who needs cash when you own a hot new social media company?
    After Snap's IPO this week, the 26-year-old CEO and his co-founder Bobby Murphy were worth at least $5.2 billion apiece when the market closed Thursday, with Snap stock (snap, +44.82%) ending its first trading day at just under $24.50 per share.


    That doesn't include the value of some 16 million shares that each of the Snapchat founders planned to sell today. That would add $392 million to each of their net worths, based on Snap's closing price, potentially boosting it to nearly $5.6 billion.
    http://fortune.com/2017/03/02/snap-i...gel-net-worth/
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  3. #13  
    Ancient Fire Breather Retread's Avatar
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    Looks like your $19 bid has been left in the dust....
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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  4. #14  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Quote Originally Posted by Retread View Post
    Looks like your $19 bid has been left in the dust....
    True but SNAP got hammered today, down $3.29
    so far in After Hours trading. Currently at $23.80.
    May the FORCE be with you!
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  5. #15  
    Ancient Fire Breather Retread's Avatar
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    Quote Originally Posted by SarasotaRepub View Post
    True but SNAP got hammered today, down $3.29
    so far in After Hours trading. Currently at $23.80.
    Another day and a half like that and you're back in.

    Profit taking from day one.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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  6. #16  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Snap slumps 12 percent, closes at lowest since IPO


    March 06, 2017, 04:31:00 PM EDT By Reuters


    By Noel RandewichSAN FRANCISCO, March 6 (Reuters) - Shares of Snap Inc
    <SNAP.N> slumped 12 percent on Monday and closed at their lowest
    level of the three sessions since the Snapchat owner's soaring
    market debut last week.

    The $3.4-billion listing last Thursday was the hottest
    technology offering in three years, but the loss-making
    company's lofty valuation and slowing user growth have raised
    eyebrows on Wall Street.

    Needham analyst Laura Martin rated Snap "underperform" and
    compared its stock to buying a lottery ticket.

    Of six analysts who have initiated coverage of Snap, four
    recommend selling, while none have "buy" ratings and two have
    neutral ratings, according to Thomson Reuters data.


    Meanwhile, a group representing large institutional
    investors has approached stock index providers S&P Dow Jones
    Indices and MSCI Inc, looking to bar Snap and any other
    companies that sell non-voting shares from being included in
    stock benchmarks.


    LINK
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  7. #17  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Early this morning...

    22.47, down 1.72.


    Getting closer to 19!!! LOL

    Now down 2.13, 21.63
    May the FORCE be with you!
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  8. #18  
    Ancient Fire Breather Retread's Avatar
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    That's two days below the IPO and they keep pushing the bottom (21.3 @ 10 am EST).
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
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  9. #19  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    21.15 at noon.
    May the FORCE be with you!
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  10. #20  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Snap shares tumble as short sellers move in


    Snap Inc's <SNAP.N> shares tumbled 11
    percent on Tuesday and traders raced to position themselves to
    cash in on further losses after analysts gave the company a
    lukewarm reception following its red-hot market debut.

    Snap's $3.4 billion public listing on Thursday was the
    hottest technology offering in three years, but its lofty
    valuation and slowing user growth have raised eyebrows on Wall
    Street and are now attracting traders who expect its shares to
    fall.

    Traders paid annualized interest rates as high as 40 percent
    to be among the first to short-sell the stock, according to S3
    Partners, a financial analytics firm.

    The owner of messaging app Snapchat is not profitable and
    has warned it may never be.


    LINK
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