Snap Inc (NYSE:SNAP) represents everything that is wrong with America today. Rather than teaching our children how to handle problems directly and effectively, we instead put a Snapchat filter on them. I don’t like Snapchat, and by logical extension, SNAP stock, because it is a deleterious influence on our culture.

Perception in the modern world is apparently far more valuable than reality. I think this is both a tragedy and a travesty. Life and the markets have a way of cutting through the bull. I attended a predominantly white high school where I was often racially taunted and attacked.

One day, I decided I had enough and I started swinging my fists. No “safe spaces,” no “dialogue,” just straight up knuckles to racist faces.

By the time I was a senior, the racist bullying all but ceased. I established punitive and painful measures should my fellow classmates go that route. Today, my former bullies and I are on good terms. I even vote Republican after I’ve had a few.

Such actions would simply not fly in our modern culture. Instead, we prance around and “burn” people through the Snap app and other inane machinations. This is nothing more than a hollow scheme to avoid directly dealing with problems. No wonder why bullying is so rampant in our schools!

Hubris Personified

In a similar vein, I consider SNAP stock to be Wall Street’s bully. According to bullying expert Dr. Mary C. Lamia, these people act out due to “shame-prone” personalities, such as feelings of inadequacy. I can’t think of a more inadequate company that acts more important than it is than Snap.

Leading up to the SNAP stock initial public offering, the company’s potential captivated bullish proponents. I understand that this is standard operating procedure for almost any in-the-moment IPO. The problem, though, is that members of the Snapchat team believe their own nonsense. Snap CEO Evan Spiegel emphasized that he is running a camera company. Sure, and I’m a jolly old fat man from the North Pole.

Delusions of grandeur is typical bully behavior. I don’t see any difference between Spiegel’s camera remark, and President Trump’s Twitter Inc (NYSE:TWTR) account, in which he portrays everything he does as the “greatest ever,” and that “everybody knows it.”

It’s About How Advertisers See Snap

I’m not suggesting that people punch either Spiegel or Trump, although I’m sure that idea has crossed more than a few minds. Rather, I’m suggesting to dismiss any ridiculous exaggerations as pompous BS, and get down to the facts of the matter.

InvestorPlace feature writer James Brumley — who’s probably no stranger to fist-swinging himself — succinctly clarified the SNAP stock dilemma: “Snap has been effective at selling the premise, even if the company hasn’t been as effective at selling ads.”

Furthermore, Brumley writes, “Spiegel can categorize Snap as a camera company all he wants to. He can lump it in with grocery stores or hospitals if he wants. But how he sees it is largely irrelevant to how advertisers see it.”

Reality Check Coming for Snapchat

If advertising companies were dim, I could see the case for SNAP stock. But in reality, they’re probably in one of the few (deviously) intelligent sectors left. They realize that social media is a dynamic, “here today, gone tomorrow” industry. That doesn’t bode well for Snap.

The giant pink elephant in the room of course is Facebook Inc (NASDAQ:FB). With officially two billion monthly active users, any company in the social media sphere will have to contend with Facebook’s unprecedented dominance. And as InvestorPlace’s Luke Lango notes, Facebook is “aggressively and successfully playing the copycat game.”

Mark Zuckerberg isn’t the only cause for concern.

Bottomline on SNAP Stock

A few weeks ago, I wrote about Steemit, a blockchain-powered social media platform. Steemit is unique in that content creators and curators are rewarded the “steem” cryptocurrency. This in turn can be converted to more popular digital currencies such as bitcoin or ethereum.

While the hope that Steemit will become a Facebook slayer is still years away, Steemit and its competitors could easily inflict damage to SNAP stock right now. After all, why act like a dunce for free when you can get paid for it?

At the end of the day, the biggest problem for Snapchat is that it is neither unique nor tethered to a loyal audience. What was cool when you were a teenager just doesn’t appeal when you’re an adult. No amount of narcissistic bullying will change that.

Josh Enomoto is long bitcoin, ethereum, and steem.