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Another record low for Snap after 14% drop post earnings

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% of its value in a single day’s trading, Snap closed Friday at $11.83. The growing social media company revealed on Thursday that it has 173 million daily active… Read More



Source: techCrunch

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