anyone buy snapchat shares today?

[Anonymous]

well?

another twitter or another fb?

[Anonymous]

Another pets dot com.

Trading at 5 to 8 times revenue expected in 2020?

This IPO is the epitome of irrational exuberance!

[Anonymous]

I bought a few shares at $24

[Anonymous]

I was going to when it was only $17 but decided against it. No real reason other than my gut was saying don't do it.

[Anonymous]

Nope. Not feeling the business model.

[Anonymous]

Shares do not have any voting rights.

[Anonymous]

Anonymous wrote:Shares do not have any voting rights.

haha, which matters so much to individual investors. were you going to influence their proxy with your 0.001% ownership?

[Anonymous]

If you did, you're too late.

[Anonymous]

The bubble is over done, that's why Yellen is raising rates in March. I fear a reckoning now

[Anonymous]

Anonymous wrote:

Anonymous wrote:Shares do not have any voting rights.

haha, which matters so much to individual investors. were you going to influence their proxy with your 0.001% ownership?

Yes, it matters because institutional investors who couldn't otherwise influence things won't have that power and won't be able to effectuate change that would also benefit retail investors.

[Anonymous]

Anonymous wrote: The bubble is over done, that's why Yellen is raising rates in March. I fear a reckoning now

Only two years, maybe three years, too late.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Shares do not have any voting rights.

haha, which matters so much to individual investors. were you going to influence their proxy with your 0.001% ownership?

Yes, it matters because institutional investors who couldn't otherwise influence things won't have that power and won't be able to effectuate change that would also benefit retail investors.

No institutions are buying SNAP to influence the company through the proxy.

Most shareholder proxy proposals are complete crap, and proxy activists destroy value for shareholders ... especially in fast growing tech companies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Shares do not have any voting rights.

haha, which matters so much to individual investors. were you going to influence their proxy with your 0.001% ownership?

Yes, it matters because institutional investors who couldn't otherwise influence things won't have that power and won't be able to effectuate change that would also benefit retail investors.

No institutions are buying SNAP to influence the company through the proxy.

Most shareholder proxy proposals are complete crap, and proxy activists destroy value for shareholders ... especially in fast growing tech companies.

Sometimes. Sometimes not. But a completely unaccountable founder is not a better option.

[Anonymous]

No. Stupid app that appeals to stupid folk.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Shares do not have any voting rights.

haha, which matters so much to individual investors. were you going to influence their proxy with your 0.001% ownership?

Yes, it matters because institutional investors who couldn't otherwise influence things won't have that power and won't be able to effectuate change that would also benefit retail investors.

No institutions are buying SNAP to influence the company through the proxy.

Most shareholder proxy proposals are complete crap, and proxy activists destroy value for shareholders ... especially in fast growing tech companies.

If they are crap proposals, they will get voted down by the mutual funds and institutions that are record owners. No voting rights, besides shareholder proposals, means a board and management that is unaccountable.