
No Quarter Given No Guidance Guven!
Savvy? It appears that the winds of fortune have turned against our friends at Snap! Aye the social media buccaneers have seen their shares plummet faster than a rum soaked pirate off a crow's nest. More than 15% they fell all because they be holdin' back on their second quarter guidance. Seems they're in a bit of a pickle and not the kind one finds in a good grog eh?
Headwinds and High Seas!
They be sayin' that while their treasure chest (or 'topline revenue,' as they call it) is still growin' they've hit some headwinds. Headwinds! I know a thing or two about those sailin' the Black Pearl and all. And they reckon the 'macro conditions' be affectin' the demand for their advertising booty. Shiver me timbers! As if keepin' the Kraken at bay wasn't enough now ye gotta worry about…economics!
De Minimis...De Gone!
Apparently some landlubber named Derek Andersen (their finance chief mind you) is blamin' changes to this 'de minimis exemption' thingamajigger. Ends Friday it does! All this means is that shipments under $800 can't sneak into the U.S. without payin' their dues. So all those pirates sailin' under the $800 radar will be gettin caught! Trump's tariffs and whatnots be makin' companies as jumpy as a pirate seein' a Royal Navy ship on the horizon.
Why is the Rum Always Gone?
A weaken’ economy? Well that's even worse than when I realize I've run out of rum! Now I know a thing or two about survival and right now Snap’s survival lies in ad revenue. Speaking of they did manage to plunder $1.21 billion in ad loot up 9% from last year. So not all is lost but they need to watch out as they walk the plank of advertisement!
Slightly Less Lost Than Before!
Now even though they be hidin' their future plans Snap did grow 14% to $1.36 billion see? Their losses were also more like a light tap than a full broadside down to $140 million. And somehow that’s good news. Aye it's like findin' a silver doubloon in a barrel full of bilge water but I'll take it!
More Pirates Less Treasure!
They even brag about gettin' more scallywags usin' their… contraption? 460 million daily users they say! Still these Wall Street fellas are as cheerful as barnacles on a pirate ship. Some Bank of America chap named Justin Post is wavin' a 'neutral' flag sayin' Snap is in deeper trouble in stormy times than other social media ships. So it seems Snap has some rough sailing ahead but as I always say: The problem is not the problem. The problem is your attitude about the problem. Do you understand?
xiaoqi
But why is the rum gone?