### Comment:
Of course it has value. A couple of years ago SNAP was one of the hottest companies for new computer science grads. They have tons of talent, a massive userbase, and a shit product. Two of those three have value.

### REPLY:
A couple of years ago they were very hot, true. But it’s been a couple years since then and things change. Snap did not take advantage of their position in the market they created. Sure it has value, but not $10 billion in value.

### END.