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RE: Leo Talk 4/24/2021 -Come Join Our Chat

in LeoFinance4 years ago

I thought Snapchat was long gone but it looks like they are still around and looking to diversify their operations.

Snapchat currently has 280 million daily active users and while that's, I think, about half of what Instagram has, it's still impressive.

https://techcrunch.com/2021/04/23/filing-snap-paid-124m-for-fit-analytics-as-it-gears-up-for-a-bigger-e-commerce-push/

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IT got a lot of hype when it went public a couple years ago. People were trying to link it up to being a AR play. I dont think it worked.

Havent look at the stock for a long time. Have no idea what the application is doing either.

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Yea, I remember that AR thing and it was quite a failure I believe. After that I just stopped looking at it and didn't hear about Snap until now so I thought they were as good as dead...

I'm not sure if they are gonna be able to pull it off though. We'll have to wait and see...

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Yea I don't think there is anything on the AR side. I think its mainly as a blogging and I think it was also doing well in the ad space.

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Yea SNAP stock has been booming and its fairly popular among stock investors as an alternative to Pinterest. I think their ad revenue was good in their previous reports so expanding on analytics seems like a good idea.

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Interesting, I had no idea... I thought they were out of the market after Instagram took over.

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Well I see it on my list of algos I track for the stock market. So sometimes I made a little money off them. People tend to jump in on SNAP trades quite often too.

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