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Snap Inc. (SNAP)
After hours:
- Motley Fool
3 Green Flags for Snap's Future
Snap's (NYSE: SNAP) stock has tumbled about 70% this year and currently trades nearly 20% below its initial public offering price of $17. The social media company lost its luster amid concerns about its slowing growth, widening losses, and Snapchat's ability to adapt to Apple's (NASDAQ: AAPL) iOS changes. Rising interest rates exacerbated that pain by driving investors away from unprofitable growth stocks, and Snap's abrupt decision to slash its second-quarter guidance in late May -- just one month after posting its original downbeat guidance with its first-quarter report -- spooked investors.
- Zacks
SNAP Launches Snapchat+ Subscription Service for $3.99/Month
SNAP launches Snapchat+ subscription services to boost plummeting revenue growth.
- Zacks
Snap (SNAP) Gains As Market Dips: What You Should Know
Snap (SNAP) closed the most recent trading day at $13.96, moving +1.68% from the previous trading session.
