No user growth (could fall and under-perform expectations going forward).Chinese rival 'Tik-Tok' is a threat to brand momentum.The following points highlight my bearish views on shares of SNAP: This article covers my bearish view on SNAP including information on why Tik-Tok is now seen as disruptive. I'm bearish on SNAP given significant long term uncertainties. While it remains to be seen what impact Tik-Tok will have on Snap's long term growth, it highlights what I view to be the relative fragility of Snap's core business among fast changing youth fads and tech platform popularity.

Apparently 'Tik-Tok' has become something of a global phenomenon gaining traction in recent months among teenagers and reports suggest its already drawing users away from the Snapchat platform. Despite the recent optimism, investors should take note of emerging Chinese rival application 'Tik-Tok' which has a similar concept of short videos and targets the same user demographic. The company has yet to make a profit but is narrowing its loss while revenues continue to grow. The recovery has been based on better than expected 2018 fiscal Q4 results released in January along with a positive outlook in its latest Q1 report. The stock is now up 110% YTD and 140% since reaching a low $4.82 in December. (NASDAQ: NYSE: SNAP) has staged an impressive turnaround in 2019.

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