An extended version of our Seeking Alpha article on SNAP's (unanticipated?) legal and structural problems
Read MoreSnap "Is A Camera Company"?
Interesting choice of industry sector by the co-founders of Snap Inc. So many bankrupt camera companies come to mind. Especially when they could have gone down the road of portraying itself as a social media company, or a networking company, or even a communication company. Is SNAP already waving the white flag? Or preparing for the end of the current social media stock boom?
Read MoreWhy Does Snap Invite Class A Shareholders to ITS AGM?
Assuming there are enough voting shareholders to meet an AGM quorum, why does the Snap Board of Directors invite the non-voting Class A shareholders? Seems like a token gesture and while the prospectus makes a big deal of the invitation it does not explain why the gesture is made.
A compelling case could be made that the best thing for non-voting SNAP shareholders would be to do away with the pretence of holding an AGM and distribute the AGM cost savings to Class A shareholders in the form of a dividend.
Twitter A Failed Business Model?
Twitter is often portrayed as a failed business model. If this is true, does it deserve its current trailing sales multiple of almost 5 times (!). An 80% post-IPO price decline might sound excessive but the trading multiples suggest the worst may not yet be behind us for Twitter stockholders
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