Snapchat soars! That's one giant cup and handle

It was interesting to watch Snapchat today after its earnings beat. It soared 30%. I personally think Snapchat is great, but have never really understood the long-term growth plan. Snap Kit seems really promising. But I noticed their user growth is not growing as fast as Instagram or Facebook or TikTok. So it's interesting to see that it's worth $50+ billion.

At the same time, I do notice that Snapchat is focusing more on global growth. So perhaps that is the exciting number. Global numbers and global users as opposed to just North American users.

I am watching closely to see how the pop holds up and this chart is a massive cup-and-handle chart I wanted to draw. Yes, it's not perfect and little ridiculous, but it had to be done. Snapchat since its IPO has been a mess! Congrats to any and all who bought at the bottom and held.