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March 7, 2017 05:25 pm GMT
Snap, the parent of Snapchat, had a great first two days on the stock market, only to be followed by two terrible ones. Shares quickly tumbled to beneath $22, an over 11% drop in morning trading. This means that most investors arealreadylosing money on the social media company. Snap opened Thursday at $24 per share. It is still above its $17 IPO price, but that’s mainly relevant for… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/A4_GE4t810Y/
Snap has already tumbled 11% on day four
Snap, the parent of Snapchat, had a great first two days on the stock market, only to be followed by two terrible ones. Shares quickly tumbled to beneath $22, an over 11% drop in morning trading. This means that most investors arealreadylosing money on the social media company. Snap opened Thursday at $24 per share. It is still above its $17 IPO price, but that’s mainly relevant for… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/A4_GE4t810Y/
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