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August 11, 2017 08:20 pm GMT
Snap, the Snapchat parent, has had a very difficult ride in the stock market since debuting in March. After pricing its IPO at $17 and then reaching highs of $27, the company has fallen to less than half that. After losing 14 percent of its value in a single day’s trading, Snap closed Friday at $11.83. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xfq8M-qpwYU/
Another record low for Snap after 14% drop post-earnings
Snap, the Snapchat parent, has had a very difficult ride in the stock market since debuting in March. After pricing its IPO at $17 and then reaching highs of $27, the company has fallen to less than half that. After losing 14 percent of its value in a single day’s trading, Snap closed Friday at $11.83. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/xfq8M-qpwYU/
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