Jim Cramer says Snap shouldn't be a public company due to its low earnings | Hacker News Reader

Jim Cramer says Snap shouldn't be a public company due to its low earnings

cnbc.com

19 pointsmbgaxyz12 comments

Good time to browse through all the comments explaining how specs are a brillant idea and we just don't get it.

https://news.ycombinator.com/item?id=12569182

The idea is that someone who thought the glasses would be successful deserves to be mocked? I don’t agree.

Anyone who posts predictions about the future on a public forum runs the risk of people from the future reading them! Checking back from time to time is a good way to remind ourselves exactly how seriously this sort of material on HN ought to be taken, in spite of the confident air of many of the predictions.

No, it will get delisted from the exchange at $1.

https://finance.zacks.com/nasdaq-delisting-rules-7450.html

I think Blue Apron (APRN) listed too early. It's currently at $3 (from $10 at IPO).

By the way, why would you take financial advice from someone who spends 5 seconds thinking about your investment idea.

"Bear Sterns is fine!" @ $60 -> $4 (3 days later)

https://www.youtube.com/watch?v=-6u1kG7yuy4

There is whole movie based on Jim Cramer Bear Sterns episode, Money Monster (2016).

This quote is from Jim Cramer.

Carry on now...

I think the argument being made is one worth evaluating:

"In fact, if they'd waited three more quarters to do the IPO — meaning right here — the stock likely wouldn't be anywhere near this high. With these numbers, you know what, it might not even have been able to come public at all."

Did they know this is where it was heading and rushed to IPO, leaving the public holding the bag? However, It's not as if they necessarily misrepresented their situation, they were pretty clear they have no profits and no clear path to them.

> It's not as if they necessarily misrepresented their situation, they were pretty clear they have no profits and no clear path to them.

Exactly. This whole thing reads like some folks make a poor choice because they assumed this was The Next Big Thing(TM), and now they are upset that they got burned.

I think it’s probably correct. But to me that means they’re smart and IPO’d at the right time. They found a bunch of greater fools.

It's a shame, because it's far and away my favorite social app

If it is so obvious that snap "shouldn't be a public company", then the price would be far lower than the ~$12 it's at now..

Why the downvote? The world is rife with people making claims like this but not putting their money where their mouth is...

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