On Tik Tok, my understanding is that the pending legislation will force divestment within a period of time, only after which the company would be forced to cease operations in the US. And so ultimately, I think Tik Tok in one form or another is here to stay. I think the chances of it simply disappearing and then SNAP rising like the phoenix to take its place in the hearts and minds of teens and 20-somethings is near zero.
And financially, there just isn't much to like here. There's enough cash that if they trim expenses they should be able to keep going for a few years, but it's hard to see a bull case. What they need is a buyout.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- LeilaLynch·04-26It's uncertain if Snap can fill the void left by TikTok.LikeReport