Snap: Exclusive Engagement Isn't Enough
New report shows Snap has an exclusive user base.
Snap must prove the business model though plenty of revenue upside exists with monetizing existing user base.
Valuation is extremely stretched despite the opportunity to grow revenues due to unconstrained operating expenses.
A new report backs the thesis that Snap (SNAP) has compelling user engagement that remains sticky. Unfortunately, user engagement is only one part of an investable business model that my research has questioned since the IPO.
Read the full article on Seeking Alpha.
Disclosure: Long TWTR. Please review the disclaimer page for more details.
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