Following snapchats fluctuations about its stock price is somewhat interesting . To be honest though I'm getting fatigued on this. I remember when Facebook IPOed and we were getting similar posts. The fact that Snap was able to IPO and get money to become more competitive will have to wait for a few quarters though.
I think the situation is not comparable at all precisely because Facebook did not have a larger network strangulating their growth.
I wonder if there is any precedent for a social network (or any large application for that matter) having their growth stalled to single-digits and then it picking up again.
To me, it looks like there is a very real possibility that facebook already killed them in the sense that they will never go beyond 250 million or so users, which does not support their valuation. So share-wise, they might end up a second Twitter, just with a much faster turnaround this time because user growth has already come to a grinding halt.
