What went wrong?

Name one.

Good. If you're going to gamble on high volatility meme tech stocks, just fucking buy crypto. It's the same thing but with odds in your favor (because the overall market is fucking booming instead of croaking).

Anyone who invests in the smartphone app market anymore deserves to lose all their fucking money.

they have a hotdog now

Don't forget it dances too.

Exactly, they missed wall streets expectations for the stock. And so wall street threw a hissy fit. The underlying business has been growing over the last year, in users and revenue

Putting a new-age business model on the stock market, for starters.
I have to wonder, does Snapchat have no financial advisors? Or a legal team? Or anyone with half a brain?

Why the FUCK would they get stock options for an app-based business with an extremely simple revenue channel and with similarly elementary expenses?
It's a structure that works when you have like 2 people on board plus essential staff, what the hell were they expecting bringing in the whole fucking planet in a room where 3 would already be a crowd?

Should have sold to Google a year ago

What went wrong is that you should never buy stock in a company whose sole product is a gimmick with no multi-decade potential.

KIK is better for nudes now.
Instagram is better for selfies.

They should have never gone public, and you should have never bought.

What went wrong with twitter then? Seems like it was the better product but it's below it's opening debut.

Social media companies are truly a meme.

>Social media companies are truly a meme.

This should have been obvious after the meteoric rise and summarily quick death of Myspace.