r/stockmarket
Snap Inc is in talks to pay Robert Downey Jr. $100 million to be an ambassador for Specs
Author bought the SNAP dip, citing valuable AR IP and mitigated inventory risks from its high-end strategy, contrasting with META.
- Owns highly valuable AR intellectual property with over 7,000 patents.
- High-end pricing strategy mitigates inventory write-off risks and protects initial margins.
- Targeting early adopters avoids the massive unsold inventory issues seen in 2016.
I can’t figure out if this is a joke or not. I also don’t know if it’s bullish or bearish for the stock or it’s true. It might be a genius move. Robert Downey Jr. is arguably the best person on the planet to get to promote AR glasses and possibly the only person on the planet who will look good wearing Snap’s Specs glasses.
SNAP stock is down 25 % since Even Spiegel unveiled the $2,195 glasses last week. Meanwhile, META stock climbed a few percent today on the news that Zuck is releasing $299 smart glasses.
I bought it the SNAP dip. Long 50,000 shares. Even if the hardware sales are flat, the launch proves that Snap owns highly valuable, cutting-edge intellectual property (including over 7,000 patents).
Because they are targeting a smaller pool of early adopters and developers rather than trying to manufacture tens of millions of cheap units for the mass market, Snap has drastically mitigated the risk of massive, unsold inventory write-offs (which happened with their original 2016 Spectacles). The high price tag protects their margins on this initial run and funds future, more affordable iterations.
Clown world
The CEO effectively owns all the voting shares of the company (like space x) and can do whatever he wants with no controls.
This will crash and burn so hard lol
\*has crashed and burned so hard
He pumped and dumped his own stock so much already
Is the ceo so out of touch with normal people?? 99% of his audience cant afford a $2k+ glasses.
And many of those who can afford them don't trust big tech enough
And most ppl who can afford them wouldn’t dare embarrass themself by wearing those hideous things
Their board must be asleep or co-opted to let this continue.
Their board is powerless
They have little to no say in the matter.
50,000 shares lol. Everyone who was actually good at their job left Snap years ago there’s nobody left to say no to out of touch Evan Spiegel. This guy was anti-creators almost a decade ago and it allowed Instagram to eat their lunch. Years later he relented but it was too late.
Is Sydney Sweeney available?
Got damn what a waste of money.
The CEO has special class shares where he has absolute control of the company, so there’s no end to this craziness…