Decelerate Snap on stock market

Decelerate Snap on stock market

Tech July 11, 2017 15:03

- 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.

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