Losses in Snap Inc. and the Future Augmented Reality

in #snapchat7 years ago

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Woulda been better off with bitcoin. I originally allocated my entire portfolio consisting of 1500 dollars to purchase as many shares of Snap Inc. as possible. I bought 50 more shares of snap as they tumbled days and weeks after the ipo price of $24. I then listened to their first earning report as I bought another 50 shares on Robinhood while watching shares tumble to new lows. I caught them at a low of 14 dollars to average out my total to 250 shares at an average of 19.12. After watching snap over the last 3 months gain 30% traction I was beginning to sooth my wounds. I only hope my grandfather didn’t invest his fathers portfolio into snap when I said it was a genius idea... With this being said I continue to put my full faith in Snap Inc.. I hope to further bring down my average as I believe this cliff to be the last, it also held nicely about a $1 above its all time low. I listened again to 3Q conference call today and from what I understood Snap Inc. is making moves to allow all content creators to monetize with the app. Changes that categorize Snapchat with in house producer Netflix and original content curator YouTube. I’d like to see Evan Spiegel developing those augmented reality glasses quicker than google... imagine walking through the park but with a melting floor... or starry night where aliens come down in front of you and setup camp. You must sneak into the camp and retrieve the probe machine for aliens technology studies... I should probably patent that tech and then sell it to Snap... (;

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