Which stock would you buy Facebook/Instagram or Snapchat?
SnapChat has lost 80% of its market value since it's IPO. It was valued at $31 Billion, now it is only valued at $8.1 billion. SnapChat just lost its CFO Tim Stone. Mr. Stone plans to leave the company to "pursue other opportunities." .
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This is bad when your CFO who has been on the job for eight months leaves. How bad are things internally? How bad are the finances? .
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I am intrigued with Snap at the current price, however, I do believe that things will get worse before it gets better. I am looking forward to their quarterly results.
I like facebook over snap chat. .
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