from Hacker News

SNAP has left millennial investors underwater

by abeaclark on 3/13/17, 8:32 PM with 11 comments

• by sauronlord on 3/13/17, 11:22 PM

  Anyone buying Snap shares is Not an investor, but a speculator.

  No profits. Significant losses. Net asset value negative. Shares have no voting component. No dividends for the forseeable future.

  What a joke. Anyone that gave up their money for this worse than zero stock should consider themselves lucky for not having lost all of their money.

• by neaden on 3/13/17, 9:02 PM

  A good reminder: Never ever ever buy a stock because you think the product is cool, or because you use it and like it. That's a bad reason. Honestly I would say just never buy an individual stock and stick with index funds.

• by RickS on 3/13/17, 9:17 PM

  It's irresponsible of the article to imply that the fault is with $SNAP here.

  I suppose "people with no finance experience lose money buying stocks they saw on the news" makes for a less interesting headline.

• by DrScump on 3/13/17, 9:04 PM

  The stock is still above IPO price. This isn't exactly a Groupon or Webvan kind of meltdown... so far.

• by mattbgates on 3/13/17, 9:04 PM

  First taste of a stock failure. It happens. I've never lost a crazy amount, but I have invested in stocks, only to see them crash and -- either later have more success or remain a complete failure. Live and learn. Best to just study the history of the stock and its value for society as a whole.

  Not saying that it has absolutely ZERO value, but I definitely would've loved to see SNAP a bit more successful, and they probably did not know what it meant to become an IPO.