SNAP - Snap Inc.

SNAP is named in the settlement and must implement the same product rules despite being loss-making; the author calls it the weakest company in the room and suggests compliance is a barrier to entry. No explicit sell call, but the tone is cautious on Snap.

Listed as another social media company to explore after looking at Meta.

He says he avoids Snapchat at all costs because the company is unprofitable, heavily dilutes shareholders via stock-based compensation, and management incentives are misaligned with shareholders.

Host can't see a future for Snapchat because he has no personal use for it, implying the product lacks durable consumer relevance.

Used as a warning example: a household-name stock lost 93% over five years, illustrating the trap of holding losers waiting for a rebound.

Beat on EPS and revenue, narrowing loss; revenue up 19%; recent high at $6.35 could come into play, then test resistance at $7 over next few weeks to months.

Management misaligned with shareholders; unprofitable history, high SBC, new $2,000 AI glasses inconsistent with profitability plan; forecasts zero demand.

Pincus says he is a 'huge long-term believer' in Snapchat but has been 'crushed' this year, implying a dip-buying mentality but acknowledging recent pain.

Just delivered first quarter of profitability. Speaker thinks it could be a beautiful value play and an easy double or triple from current levels. Plans to monitor closely.

Snapchat down 12% as part of social media sell-off. No specific opinion given beyond noting the broader sector weakness.