 | Luke Lango
Editor, Hypergrowth Investing |
| Podcast Buy Snap Stock for This One HUGE Megatrend 
It's Wednesday, folks, which means it's time for a new episode of our podcast, Hypergrowth Investing. First on deck this week, my co-host and I discuss Snap stock’s earning report which hit markets like a gut punch. Not since the emergence of COVID-19 have I heard something so terrifying as Snap’s remarks on the advertising industry!
As a result, Snap shares were off nearly 40% Tuesday after reporting that it would miss its second-quarter targets. So what are you to do? Do you sell whatever Snap shares you own? Do you buy more on the cheap?
Folks, don’t overthink this one… We think this is a golden opportunity to buy into what we believe will be the cornerstone of next-generation tech companies! The only impediment right now is the ad slowdown. But come on… that won’t last. Snap is a super-sticky social media platform with 330 million daily active users, reaching 75% of the 13-to-34 year-old demographic across 20+ countries. When the ad slowdown ends (and it will end), Snap will come out on the other side stronger than before.
Here’s the thing – Snap isn’t even trying to be a social media company anymore. Rather, it’s on the precipice of becoming the next-gen leader in the shift from a 2D to a 3D-enabled internet.
I talk about this in depth in this week’s podcast, which you can watch and listen to right now!
Sincerely, |
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| Luke Lango
Editor, Hypergrowth Investing On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. |
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