why you think it's going back to $7??? That was the floor. 5 year low, growing, 5% of people on earth use it, valued \~$20/user, despite over 480million daily users. All users are teenagers. If you can extract \~2c / day from a user, you can easily justify it's valuation. That's a single ad to a daily user. What am I missing??? Why it going back to 7??
Unsure about short squeeze - but here's some high level numbers.
Valued at \~$20 / DAILY user and all users are teenagers. That's undervalued on that alone -- super valuable market. 480m DAILY users (\~5% of people on earth, and the ones you wanna advertise to).
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I'm sure they can figure out a way to extract more than $20 in revenue from that market. Lots of people have streaks exceeding 1000 days. You just gotta make (quite literally) 2cents off a DAILY user a day to justify it. That's like a single ad. To a daily user. This one is hella underpriced imo, short squeeze aside. I bought $1m in leaps yesterday due to these numbers / realization
easily lol. Market ignored this one for faaaar too long. Valued at like $20 / DAILY user and all users are teenagers. That's undervalued on that alone. I'm sure they can figure out a way to extract more than $20 in revenue from that market. Lots of people have streaks exceeding 1000 days. You just gotta make (quite literally) 2cents off a DAILY user a day to justify it. That's like a single ad. This one is hella underpriced