Whether it’s a good news or a bad news I'm still inclined to be bearish in the stock. They don't make money, and don't have a clear path to profitability. If they try to increase their ad exposure to users, it will drive them away. And they are already struggling to gain and retain active users. $21 billion is a rather high valuation for a company that doesn't make money. Really the only thing keeping it from dropping too low is the chance it might get bought out. But if the market recovers and the stock is back up before earnings, I might go short again.