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, a more than 11 percent 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… Read More
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, a more than 11 percent 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… Read More