FLASHBACK!
The trend is down. Muh consolidation is ripe. FB reorg FUCKERY
All the World's a Stage
Gone in 60 seconds. Shares in Snapchat parent Snap, Inc. endured a 27% swan-dive today, after the social media outfit predicted fourth quarter revenue growth of 30% from a year ago and adjusted Ebitda of $155 million, using the midpoints of provided ranges, far below the 48% and $299 million respective consensus estimates. Big picture considerations figure in that shortfall, as supply-chain snafus and cost-side pressures have thrown advertising budgets for a loop, imperiling the platform’s primary revenue source.
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That phenomenon is not confined to Snapchat. Digital ad agency MuteSix relays to The Wall Street Journal that its direct-to-consumer clients have seen ad prices on Facebook, Inc. rise by an average of 25% since Apple enacted that change beginning this spring. Facebook shares sank by 5% today and are up 93% from a bearish analysis in the Aug. 11 pages of Grant’s Interest Rate Observer, trailing the 172% advance for the Nasdaq 100 over that period.
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Meanwhile, the prospect of a larger-than-life entrant into the social media realm looms large, as former President Trump prepares to launch his new Trump Social, with the blank-check firm Digital World Acquisition Corp. enjoying parabolic gains since yesterday’s announcement of a merger with the Trump Media & Technology Group. That’s not to say that the lure of traditional industry players has abated, however. Bloomberg reported yesterday that Trump’s lawyers have filed injunctions asking courts to force Facebook and Twitter to temporarily reinstate his blocked accounts, arguing that he is suffering “irreparable harm” from his continued deactivation from those venues.
https://www.grantspub.com/almostDailyHTML