A week after Snap Inc., the parent of Snapchat, floated in New York some market pundits have suggested that the shares are a “bad long-term” investment. The stock, which spiked 44% on day one of the social networking company’s IPO, ended this Friday at $22.04 and put its market capitalization at just over $26 billion (bn).
A week after Snap Inc., the parent of Snapchat, floated in New York some market pundits have suggested that the shares are a “bad long-term” investment. The stock, which spiked 44% on day one of the social networking company’s IPO, ended this Friday at $22.04 and put its market capitalization at just over $26 billion (bn).
