SNAP has left millennial investors underwater

Anyone buying Snap shares is Not an investor, but a speculator.<p>No profits. Significant losses. Net asset value negative. Shares have no voting component. No dividends for the forseeable future.<p>What a joke. Anyone that gave up their money for this worse than zero stock should consider themselves lucky for not having lost all of their money.

A good reminder: Never ever ever buy a stock because you think the product is cool, or because you use it and like it. That&#x27;s a bad reason. Honestly I would say just never buy an individual stock and stick with index funds.

It&#x27;s irresponsible of the article to imply that the fault is with $SNAP here.<p>I suppose &quot;people with no finance experience lose money buying stocks they saw on the news&quot; makes for a less interesting headline.

The stock is still above IPO price. This isn&#x27;t exactly a Groupon or Webvan kind of meltdown... so far.

First taste of a stock failure. It happens. I&#x27;ve never lost a crazy amount, but I have invested in stocks, only to see them crash and -- either later have more success or remain a complete failure. Live and learn. Best to just study the history of the stock and its value for society as a whole.<p>Not saying that it has absolutely ZERO value, but I definitely would&#x27;ve loved to see SNAP a bit more successful, and they probably did not know what it meant to become an IPO.