Sell This Stock Before It's Too Late

By Travis Hoium – Feb 10, 2024 at 7:15AM

NYSE: SNAP

Snap

Market Cap

$24B

Today's Change

(27.63%) $3.15

Current Price

$14.55

Price as of April 26, 2024, 4:00 p.m. ET

Another dud quarter shows how poorly Snap has been run.

Snap (SNAP 27.63%) is playing a weak hand in social media already, but it's making the problem worse. Management can't control costs and is giving away any value it has in stock-based compensation. In this video, Travis Hoium shows why this is a stock to avoid at all costs.

*Stock prices used were end-of-day prices of Feb. 7, 2024. The video was published on Feb. 8, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Apple and Snap. The Motley Fool has positions in and recommends Apple and Meta Platforms. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.