I won’t go into much detail here, for as the old saying goes, “A picture’s worth a thousand words.” To wit.
As of this writing there’s another saying which helps put the above (as they like to say in “The Valley”) “picture” in context. That saying is, “If misery likes company, fear not, for you are not alone.”
The above is, of course, a chart showing Snap™ (aka Snapchat™) abutted by Twilio™ current share prices. Currently, if you invested 1 dime in either of these companies at their IPO launch, that dime is worth less. Far less. And for those who bought when the shares were higher? All I’ll say is “You have my condolences.”
And for those who believed all the recent analyst recommendations that Snap and all the others were a “screaming buy!” Not to mention all the recent tech press still using the “Snap is up 30% from its IPO pricing.” You’re now finding out “It’s different this time” as I’ve tried warning too many times to mention: is now, indeed, just that.
And for those who were told they were “lucky” to get in at $17? They’re now seeing that “up 30%” is now closing in on being 100% gone.
All in about 90 days.
© 2017 Mark St.Cyr