Why Are People Worried About Snap?
Snap had a solid Q4.
Drew Angerer/Getty Snap blew past Wall Street expectations with bumper revenue and daily active user growth.
Stock shot up as much as 30% in after-hours trading.
But this is the first quarter in the entire year Snap hasn't missed expectations, and analysts are still sceptical about its long-term prospects.
In a note to investors, Pivotal analyst Brian Wieser cast doubt Snap's long-term ability to compete with Google and Facebook, its corporate management, and its costs.