How when the appreciation over time can increase your R&D budget? 

Can split the baby with the balance sheet!

BlokchainB

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.

Stacker_Stocks

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

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.