Maybe this is the time to buy low and make it big (when everyone is doubting them). It'll be interesting to see.
They've been operating for over 7 years and have yet to turn a single quarterly profit. With negative growth the past two quarters it's looking increasingly unlikely they'll ever be profitable.
In Snap’s case, the news is backed by quarterly results and actual facts.
Snapchat seems obsessed with those snap glasses too. They were a failure on the first release and they still seem to be pushing it to this day as a big part of their strategy. I don’t think consumers are ready to commit to a wearable like that, at least not yet.