Tag: snap inc
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Snapchat shares hit an all-time low
Shares in Snapchat’s parent company, Snap Inc, have reached the lowest point since the company was publicly listed on 2 March. The all-time low of $20.50 is due to investor concerns about slowing user growth and a lack of profit. The company’s stock has mostly fallen since the Initial Public Offering of $24.48. Snap Inc…
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Snapchat files for IPO
Snap Inc, the parent company of Snapchat, has recently filed a confidential initial public offering (IPO). Reuters reported that Evan Spiegel’s company could go public as soon as March. The social networking platform, which is valued at $20-25 billion, will be a step closer to the biggest U.S. stock market debut since 2014. Latest reports from…