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Stock impact report

Snap shares fall below US$17 IPO price for first time [Business News Network (BNN) Energy & Resources (Canada)]

Snap Inc. Class A (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
Snap shares fall below US$17 IPO price for first time Snap Inc (SNAP.N) shares fell below their initial public offering price of US$17 per share on Monday for the first time, highlighting a lack of confidence in the social media company, which faces fierce competition. The stock fell as low as US$16.95 before closing at US$16.99 on New York stock Exchange. Snap was the hottest U.S. technology listing in years when it went public in March. Snapchat is popular among people under 30 who enjoy applying bunny faces and vomiting rainbows onto their pictures. But many on Wall Street are critical of its high valuation and slowing user growth. Snap has warned it may never become profitable. Show less Read more
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