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July 10, 2017 09:20 pm GMT
Oh Snap. The Snapchat parent had a difficult day on the stock market, closing at $16.99. It’s officially fallen below its $17 IPO price for the first time. This is significant because it means that overall, public investors have lost money on the company since its March IPO. A money-losing reputation can be hard to recover from. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/V_zyfYOZI_k/
Snap falls below its IPO price for the first time
Oh Snap. The Snapchat parent had a difficult day on the stock market, closing at $16.99. It’s officially fallen below its $17 IPO price for the first time. This is significant because it means that overall, public investors have lost money on the company since its March IPO. A money-losing reputation can be hard to recover from. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/V_zyfYOZI_k/
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