5 Red Flags for Snap's Future
Snap's (NYSE: SNAP) stock has tumbled nearly 30% over the past three months. Most of that decline occurred in late October after the social media company posted a messy third-quarter earnings report.
I bought all my shares of Snap more than two years ago for an average price of about $15, and I'm still fairly bullish on the stock. However, I still occasionally review the bearish case against Snap and see if those arguments counter my original thesis. Let's review the five red flags that the bears often highlight, and see if they make Snap a less compelling investment.
One of the biggest challenges for online advertising companies this year was Apple's (NASDAQ: AAPL) iOS update, which enabled users to opt out of data tracking features and targeted ads.
Source Fool.com
