Literally, the only people who have made any money betting on SNAP are the short sellers.
Check the user growth, monthly active users, and stock price… ALL look bad. SNAP is going to have to turn things around quick before they become a penny stock. Literally.
Snap’s lack of innovation, coupled with the widely criticized redesign of its Snapchat application and low quality advertisements on the platform are a just a few of the reasons behind the [recent] downgrade.