Home deals Snap Inc. Shares Give Way After Bursting Out of the Gate

Snap Inc. Shares Give Way After Bursting Out of the Gate

533
0
SHARE
Photo via TeroVesalainen on Pixabay under the Creative Commons License

The Hollywood Reporter reports: “Anyone wanting to invest in the company that owns Snapchat now has an opportunity to do something that early investors were unable to do: buy shares for less than they cost on the first day of trading. After tumbling 12 percent Monday, shares of Snap Inc. fell another 10 percent Tuesday, closing at $21.44. Industry analysts grew leery of slowing user growth numbers last year and everyone is now trying to figure out the value of a young company that is quickly catching up to Twitter in the number of people who use it.”

Read more