<story><title>Snap&apos;s share price sinks, trades just above IPO price</title><url>http://nasdaq.com/article/snaps-share-price-sinks-trades-just-above-ipo-price-20170615-00941</url></story><parent_chain></parent_chain><comment><author>komali2</author><text>Facebook is playing pretty vicously - adding stories to &lt;i&gt;three&lt;/i&gt; of its apps, when realistically the only app that is similar to snapchat is Instagram - but I&amp;#x27;m happy for it either way.&lt;p&gt;Facebook apps do some stupid shit, like in Messenger, why the fuck does the back button take me into a camera looking at my ugly mug? Why does swiping down from the top to get to the top of my messages list sometimes again open a camera to my double chins? What in the &lt;i&gt;shit&lt;/i&gt; is going on with the stupid circles smack-dab in the middle of my conversation history? And why on earth can&amp;#x27;t I swap the camera around mid-video in an instagram vid?&lt;p&gt;But it&amp;#x27;s nothing, &lt;i&gt;nothing&lt;/i&gt; compared to the crime against humanity that is the Snapchat UX. It is an abomination, and a buggy one at that. I&amp;#x27;ve heard it&amp;#x27;s at least more responsive on iPhone, fine. I&amp;#x27;ve even heard arguments that it&amp;#x27;s esoteric on purpose - you have to be young and &amp;quot;with it&amp;quot; to &amp;quot;get it.&amp;quot; Friends have to ask eachother &amp;quot;omg how did you do that filter&amp;quot; or whatever, which allows a moment of millenial smugness. Fine, that can be a reason, and we can lump it in amongst the thousands of other UX charges we should levy against Snapchat.</text></comment>
<story><title>Snap&apos;s share price sinks, trades just above IPO price</title><url>http://nasdaq.com/article/snaps-share-price-sinks-trades-just-above-ipo-price-20170615-00941</url></story><parent_chain></parent_chain><comment><author>chollida1</author><text>Well........&lt;p&gt;- no control by stock owners&lt;p&gt;- no immediate plans to produce profits&lt;p&gt;- whistleblower lawsuit in the works by former employee who claims they seriously inflated user metrics&lt;p&gt;- a shitload of shares about to become free trading, with a declining share price, you&amp;#x27;ve got to think alot of employees are going to go stampeding to the exits rather than holding&lt;p&gt;- record short interest by the street&lt;p&gt;- one of the main IPO banks (JP Morgan) just cut their target from $20 to $18 for the stock,&lt;p&gt;- The same bank doesn&amp;#x27;t have an almost guaranteed BUY rating on the stock, and has rated it as a HOLD&amp;#x2F;Neutral, which is the equivalent of a sell in sell side analyst parlance&lt;p&gt;- a miss on their first earnings&lt;p&gt;- their biggest rival, Instagram, is doing well in competing with them, and they have Facebook&amp;#x27;s large pile of money and audience behind them&lt;p&gt;- and the macro climate of people expecting a market cooling coming soon, in those cases people tend to flock away from speculative companies to the old fashioned kind that make money.&lt;p&gt;SNAP might be a long term good company, but its going to be a rocky ride in the short term.</text></comment>