Snap's stock implosion after big rally may capture ‘the definition of insanity'

MoffettNathanson analyst Michael Nathanson didn’t mince words in recapping Snap Inc.’s disappointing earnings report and subsequent Wednesday stock plunge. “Covering Snap might be one of the least enjoyable experiences inour careers as analysts,” he wrote. “Right up there with the years we spentcovering Twitter… and that is saying something.”That view isn’t a reflection on Snap’s SNAP, -33.09% management team or financial disclosures, according to Nathanson, but rather indicative of what he sees as confusin ...