Snap Is Reaching Peak Exposure

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While investors should cheer Snap’s monster third quarter, they might want to cut the party short. DoubleLJSquared explains. WSJWhatsNow

Snapchat parent Snap Inc.’s blowout third quarter may have some unintended effects. Snap reported monster results on Tuesday for the period ended Sept. 30, including a 52% rise in revenue from a year earlier and daily active user growth of 18%—both well above Wall Street’s estimates.

 

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DoubleLJSquared armondwin

DoubleLJSquared You need to give the benefit of the doubt to the under dog in this case Snap which has a bright future.

DoubleLJSquared Something doesn't click as to how corporate earnings/revenues for many of these firms are positive during a pandemic that effectively shut down the national economy. Millions remain unemployed, no stimulus checks, rising homelessness, high personal debt, etc. Suspicious, yes.

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