Buy Snapchat Shares
Everyone knows Snapchat; the popular app is now used by millions of people worldwide. Since a few years the shares of Snapchat are also tradeable on the stock exchange. But how can you actually buy Snapchat stocks?
buy snapchat shares
It can be very interesting to invest in Snapchat shares. The prices of technological stocks often fluctuate sharply. By responding to this as an investor, you have a chance of obtaining good results with your investments.
You can buy your first Snapchat stocks immediately by going through three steps. Before you can buy shares, you need to open an account with a reliable online broker. A broker is a party that makes it possible to buy and sell shares via the internet. When choosing a suitable broker, pay close attention to the costs: many investors miss out on returns because they pay too high transaction costs.
After you have opened an account, it is important to deposit money into your account. Please note that Snapchat stocks are listed on the US stock exchange: you buy the shares in dollars. When your currency becomes more expensive in relation to the dollar, you may lose money. This is also called the exchange rate risk.
Once you have deposited money into your account, you can open an investment. For most investors, a market order is perfect: you buy the shares directly at the best available price. However, for the speculators among us, a limit order can be better. With a limit order, you can set a price at which you buy the stocks. In this way, you keep full control over your investment strategy!
The IPO of Snapchat has also had an impact on the shares of a related company with the notation SNAP. At the time of the IPO, investors first thought it was Snapchat. As a result, the relatively small company SNAP suddenly saw their shares increase by tens of percent. Of course, this mistake was discovered at some point, after which the price of the wrong share fell again.
The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
Snap continues to grow but so do the outstanding shares. It is paying out a ton in stock based compensation, which is growing the float and diluting the price. However, the Company has authorized a $500 million stock buyback program which should slow further dilution.
One big reason for the downfall of Snap shares was the prohibitive nature of new privacy policies adopted by Apple Inc. (NASDAQ: AAPL) and Alphabet Inc. (NASDAQ: GOOGL) owned Google Android limiting the data collected from its users.
Snap trimmed down its workforce by (-20%) or 6,400 workers, to cut (-$500 million) from annual expenses. Additionally, it implemented a $500 million stock buyback to help trim down the outstanding shares. The Company took a (-$155 million) charge in Q3 2022 for this expense. 041b061a72