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  "documentTitle": "Snap Inc. (SNAP)",
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  "authorName": "Citron Research",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2018-05-31 00:00:00",
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  "notes": "The slide uses a Bloomberg terminal screenshot to illustrate the valuation gap.",
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      "text": "SNAP is now trading at its largest-ever discount to social media peers despite generating the fastest revenue growth.",
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      "text": "(1) Based on Enterprise Value at March 1, 2017 and 2019 Goldman Sachs sales estimate in and around Mar 1, 2017 (2) Based on Enterprise Value currently and consensus 2021 sales estimates Source: Bloomberg, Goldman Sachs",
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      "text": "Shift From Most Expensive Social Media Company to Least Amongst Peer Group",
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