On: Snap values itself at nearly $24B with its IPO pricing

[econner]

> My 5 year target on SNAP would be roughly one can of Pringles.

What does this sentence mean?

[carbocation → econner]

They expect the value of the company to be equivalent to the value of a can of potato chips; approximately $0.

[artpar → econner]

"Pringles" is a "pack of chips" (more or less), so basically he means, "a pack of chips" is what the company will become. (this is what i understand :p )

[traek → artpar]

What does this clarify? "A pack of chips" isn't a common idiom.

[nsm → traek]

A pack of chips is generally really cheap in any region/country, so I think in the context, the idiom is explanatory.

[dang → taormina]

Please don't do this here.

[traek → taormina]

Yes, I understood what was meant, I was pointing out that the parent comment didn't clarify it any further for the person who did not understand.

[askafriend → traek]

I think he meant that the price would come down to about $2.50 or so...

[calchris42 → askafriend]

And here I was thinking he was saying I should invest in Pringles. :P

[mvindahl → calchris42]

I once invested in a can of Pringles. Hours later, it's value was down to zero. A terrible financial decision.

[SteveNuts → econner]

He means that in 5 years the company will be worth about the price of one can of Pringles (chips/crisps in the US)

[cwkoss → econner]

They mean it will be worth nothing

[biot → cwkoss]

Are you saying a can of Pringles costs nothing?

[imranq → econner]

Wow did 4 people respond to one comment at the same time?