Snap’s Earnings Call Can’t Stop Its Nose Dive, Shares Hit New All-Time Lows

Don’t say we didn’t warn you. Do not invest in non-voting stock. We’re not saying that if this stock had a vote it would not be losing value. We are saying that if the stock had a vote, shareholders could do something about it.

Snap Inc. execs did their best to spin the company’s second straight lifeless quarter on its Thursday earnings call, but shares of the Snapchat parent continue to jackknife in after hours trading.Shares quickly darted down about 13 percent after Snap posted underwhelming revenue and slowing user growth in its second quarter. And as CEO Evan Spiegel and Snap’s braintrust took to the mic, it did little to curb investors’ concerns, with Snap falling another 3 percent to new all-time lows of $11.55 a share.

Source: Snap’s Earnings Call Can’t Stop Its Nose Dive, Shares Hit New All-Time Lows

One thought on “Snap’s Earnings Call Can’t Stop Its Nose Dive, Shares Hit New All-Time Lows

  1. Yes, Snap is a democratic-free zone where shareholders have no real voice. Delighted that such companies will be kept off major indexed in the future. Harvard students may be reading about Snap in their corporate governance classes as a case history of what can go wrong.

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