Competitive LandscapeIntense competition with Instagram, YouTube, and TikTok has led to lowered estimates and a reduced target price.
Financial PerformanceThe stock has plunged 87% from its peak and currently trades well below its IPO price, indicating significant value erosion.
User Growth And EngagementLimited user growth in high-value US and EU markets contributes to a neutral rating, impacting potential for higher ad revenue.