Decelerate Snap on stock market

Snap, parent company of video app Snapchat, has been heavily banned on the American stock market on Tuesday afternoon.

Snap, the parent company of the popular Snapchat app, which started a sharply stock market debut in New York this year, has fallen into a downward spiral with a drop below the launch price of $ 17.

Morgan Stanley has adjusted Snap's target goal firmly downwards. According to analysts from the US bank, there are concerns about Instagram's increased competition.