Why Are People Worried About Snap?

Credit: Wochit Tech
Published on February 7, 2018 - Duration: 00:46s

Why Are People Worried About Snap?

Snap had a solid Q4.

Drew Angerer/Getty Snap blew past Wall Street expectations with bumper revenue and daily active user growth.

Stock shot up as much as 30% in after-hours trading.

But this is the first quarter in the entire year Snap hasn't missed expectations, and analysts are still sceptical about its long-term prospects.

In a note to investors, Pivotal analyst Brian Wieser cast doubt Snap's long-term ability to compete with Google and Facebook, its corporate management, and its costs.

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