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 are already losing 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

from Social – TechCrunch http://ift.tt/2n2f4xV Snap has already tumbled 11% on day four Katie Roof http://ift.tt/2mThr9h
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