TwentyCapital

@RandianCapital This is more like France under Louis XIV than a publicly traded shareholder value oriented co.

$SNAP has raised an aggregate of $8.4bn in capital in the history of the company. $2.6bn in the years leading up to its IPO, $2.3bn in the IPO, and $3.5bn in Convertible Notes. Today the company has an enterprise value of $9bn. So the market ascribes $9bn of value to $8.4bn of invested capital. Essentially, @evanspiegel 's poor capital allocation has created almost no value in the history of $SNAP. There is hope but only if there is immediate action to improve capital allocation. @JoannaColes @jlanzone

@vicepepe @RandianCapital This board notices shit. Change my mind

@TwentyCapital @RandianCapital Yea you’re right - there’s no way the board noticed that the stock rallied 20% in 2 days when it has otherwise been in a complete death spiral. I’m sure they missed all the headlines as well. The hell are you talking about? 😂

In time, distribution is becoming the most important asset, and I expect this to impact activist investing as well. It’s no longer about how many shares you hold but your ability to influence the narrative.

@vicepepe @RandianCapital Wouldn’t count on it. This campaign is minuscule still, hasn’t even started. But momentum is probably increasing rn

@TwentyCapital @RandianCapital i would venture to say that since the stock rallied this hard on the concept of activism in-spite of voting structure, the board is paying attention $snap

@RandianCapital Fuck them. Irenic should prepare a sworn demand under Delaware General Corporation Law Section 220 stating a proper purpose to investigate potential breaches of fiduciary duty arising from the board’s failure to oversee risks related to minors’ access and safety on the platform.

@BoxLongs @IrenicCap You wonder if bad governance is the actual business model here…

$SNAP board needs an overhaul. At a minimum, get rid of the seething cat lady and the unqualified marketer. The chairman should go too. They have overseen this era of looting and terrible capital allocation. The 3 planes. The jet hangars. $100 million 2 Dads law firm. @IrenicCap

@Christo68098001 @evanspiegel @IrenicCap @RandianCapital It’s not undervalued. It’s overvalued given the governance structure… it should actually be below $1… there is 0 value for any investor apart from the SBC kleptocratic insiders…

$SNAP is definitely undervalued. $3 billion in cash and $7 billion in revenue. It has over 400M DAU. With a capable management team in place, the company’s market cap could potentially more than triple. @evanspiegel @IrenicCap @RandianCapital

@RandianCapital @evanspiegel This stock has no business in being publicly traded… this should be below a dollar and delisted

Where did the money go? @evanspiegel got a yacht and 3 planes.

@RandianCapital @evanspiegel @finkd Correction: It’s actually both founders together

@RandianCapital @evanspiegel @finkd He controls 95% of voting rights he is literally untouchable..

The core issue at $SNAP is the CEO @evanspiegel believes he is @finkd and has to spend as such. It is high time he and the Board realize that $SNAP is a great business but possibly not going to be as large as $META. There is no shame in that. Driving the company into the ground to pursue grandeur is reckless stewardship of what should be a highly cashflow generative business. If the ultimate outcome is an absentee Board allows the business to spend into destruction, I sincerely hope that no one involved is ever invited on another Board again. @JoannaColes @jlanzone

@stockgeekTV @IrenicCap @RandianCapital @BoxLongs Until retail snapped… the only leverage retail has (again) are impressions. It’s time.

Since the IPO in 2017, $SNAP's executive officers & Board members have executed 742 stock sale transactions for a total of $3.3 Billion in proceeds There have been exactly ZERO insider purchases @IrenicCap @RandianCapital @BoxLongs

@IrenicCap It’s unbelievable that this hasn’t broken the buck yet tbh… gross negligence by the institutional investors that poured into this

Some thoughts on Snap: savesnapnow.com

@RandianCapital It’s really funny how this stock hasn’t broken the buck tbh… if institutional money is holding it with pensions this should actually lead to an outcry! Anybody knows what institutional investors hold this piece despite the management/board of directors SBC actions?

Does anyone know if $SNAP Board members bought their shares with their own money, or their shares are simply shares they were given by the company?

@RandianCapital I told you…

This data makes it seem like $SNAP is currently much more of an executive compensation scheme than a business. Hopefully the tide is turning.

Also haben wir die wichtige Genfer Konvention, Subsidiaritätsschutz ein für alle Mal diskreditiert… zugegeben, der Krieg währte bis zum Sturz Assad’s, mit Wohlwollen noch bis Anfang 2025. jetzt wird der Präsident Jollani empfangen, im ganzen Westen. Es muss im Sinne der Genferkonvention zurückgeführt werden, die ganze Diskussion hat nichts mit Fachkräften zu tun. Es geht um die Integrität der Genfer Konvention

Vor 10 Jahren sagte Kanzlerin Merkel, dass sie Syrer in drei Jahren wieder in ihre Heimat zurückkehren würden. Keine Pointe.

@Dominik_Kettner It’s a money grab, change my mind

🚨 In knapp drei Minuten erklären #Lanz und die FAZ-Journalistin Julia Löhr die Tragik der im Ausland belächelten „#Energiewende” und das große Opfer unseres deutschen Wohlstands.

Sold all of my $PLTR and $ABCL . I truely believe that this companies will be disrupted by agents. Claude is coming for them. I am all in $PYPL now . Why ? There will be always something to buy + $PYPL will be the choice of the agents!

@geldvos @w0111f @Schuldensuehner Exactly what is happening with national bank of Greece

@TwentyCapital @w0111f @Schuldensuehner Not a bad decision in a time when there wasn't much to earn on loans. With rising rates, banks earnings potential go up dramatically. If they decide to go risk-on and build out their loan book again, this could boost earnings for years to come.

MSCI reclassifies #Greece to Developed Market from Emerging Market.

@geldvos @w0111f @Schuldensuehner It’s illogical. They have used the ZIRP era to unwind their soured loans books. $ETE has cut their loan book in half…

@TwentyCapital @w0111f @Schuldensuehner Might not have the best performance ratio's. But perception isn't changed yet. Say Greek banks to your average investor and they'll react like you proposed to eat roadkill.