You need to have a great product AND you need to be able to defend against the likes of Zuck and Elon. I think that Snapchat just got outcompeted. This happens and it's okay.

If I were Snap and I was sitting on a load of cash, then I'd invest in platform development or even M&A. Not park my cash in Bitcoin. Idle cash is dumb, no matter the denomination.

Yeah I have a bias/soft spot for Snapchat. Raising capital to grow the business didn’t workout so well. 

Meta just copy pasted and killed the competition 

BlokchainB

True (though the inverse rarely happens).

And for Snapchat we could say that they were unfairly targeted by Meta: 

https://mashable.com/article/facebook-snapchat-data-project-ghostbusters-mark-zuckerberg

Stacker_Stocks

Blok’s Daily Stock: Snapchat Inc. (SNAP)

True (though the inverse rarely happens).

And for Snapchat we could say that they were unfairly targeted by Meta: https://mashable.com/article/facebook-snapchat-data-project-ghostbusters-mark-zuckerberg