"I'm bullish on Snap, but I wouldn't buy more here," was Cramer's response. Let's check out the charts of SNAP.
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With a business model very different from that of most cloud/SaaS peers, it took a while for markets to appreciate Dropbox's long-term value.
The question is whether this is just another flash in the pan or a change in market character.
As many in industry struggle, we preview reports to come.