Snap is an eternal value trap: cheap on paper, but weighed down by regulatory headaches, TikTok eating its lunch and endless dilution. x.com 

Snap's smart glasses will likely only hurt its core business. Unlike Meta, Snap cannot afford to invest billions in bets that may never pay off, and Meta should end up with a near-monopoly on smart glasses. x.com 

Snap's Spectacles cannot deliver meaningful commercial value within five years, making a funding partner essential to avoid years of cash burn. At best, they are a prototype, with zero chance of profitability in the next couple of years; the glasses will never sell at the scale needed to make a difference. Without a partner, Snap stock is dead money. Even so, Snap remains a good asymmetric bet on Evan Spiegel changing course, with little downside from here if he does not. x.com  x.com  x.com  x.com 

Snap loses its users as they age out: once kids reach college they switch to GroupMe, Yik Yak, WhatsApp and iMessage, and Snap basically ends. x.com 

Snap is one of the worst-run public companies relative to its potential, and CEO Evan has proved he is terrible at creating shareholder value. Stock-based awards to the board and over 5,000 employees dilute shareholders about 4% a year. Per @WOLF_Financial, Q1 EPS missed at -$0.05 versus $0.09 expected, the EBITDA guide fell short and Snap ended its Perplexity deal. It is not a dead company, but there are many better opportunities. x.com  x.com  x.com  x.com 

Social media stocks look worth buying because they trade at a discount while people stay hooked on social media. Usage is now a permanent part of life that cannot be taken away, contrary to @CryptoDan007's prediction that it will come to be seen as a low-class pastime. That makes Meta, Reddit, Pinterest and Snap all candidates to buy. x.com  x.com 

Snap is in a bad position when Pinterest is now the better business of the two. x.com 

Social media has caused a lot of harm and is this generation's tobacco, which makes Reddit and Meta stocks not worth investing in. x.com 

Nike, Snap, Netflix, Uber and SoFi are falling knives worth catching: awful sentiment, unbroken businesses. Nike, despite plenty to fix, is one of the world's strongest brands priced with deep pessimism. Snapchat has a massive audience, and if monetization catches up its valuation could look ridiculous. Netflix stock was crushed while free cash flow and profits rose. The market overlooks how fast Uber's earnings and cash flow scale, and SoFi keeps growing members, revenue and earnings. x.com  … Show more

Snap has been treated like an ATM by CEO Evan Spiegel, with no operating income a decade after going public. Its Specs glasses are unlikely to sell at meaningful scale for $2,200 each, and Snap badly needs executives capable of saying no to clearly horrible ideas. x.com  x.com  x.com