Issue No. 210: Meanwhile in Palo Alto

bddd4d51-c175-4101-9fe5-4d5ae27c28b5.jpg

At press time, $SNAP is trading at near lows after the news that Facebook’s “Stories” have surpassed Snapchat in users. In previous letters, we’ve alluded to what is now being observed: a bet for Snapchat is a bet against Facebook / Instagram. For each new cloned feature, Snapchat’s business model suffers.
See more of the issue here.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.