|Submited on :||Fri, 16th of Mar 2018 - 08:14:47 AM|
|Post ID :||84rcf3|
|Post Name :||t3_84rcf3|
|Post Type :||link|
|Subreddit Type :||public|
|Subreddit ID :||t5_2vxxc|
These tech "startups" have such shaky equity valuations that celebrity gossip can majorly impact their stock price. One day society will realize a 5yr old revenue hemorrhaging phone app isn't a sustainable business. But not until Justin Bieber's grandkids put them on blast on future version of instagram.
what did they post?
that's ~$750 million wiped out.
Anyone who's glanced at stocks before know that in such a short amount of time this is not indicative of anything.
Plenty of stocks move 4-5% quickly in either direction, there is no correlation.
Also, the whole market is down and falling. Pretty sure she doesn't have anything to do with it..
I woudn't invest a cent into SNAP, I think those who do are reckless (though I can very well be 100% wrong).