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 .99. It’s officially fallen below its 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.
But for employees and pre-IPO investors, not all hope is lost. Read More
Social – TechCrunch

Comments are closed