Snap is getting destroyed because of its ‘unwillingness’ to work with Wall Street

Snap is getting destroyed because of its ‘unwillingness’ to work with Wall Street

7 years ago
Anonymous $Gu9VYqcl-R

https://www.cnbc.com/2017/08/11/snap-is-getting-destroyed-because-of-its-unwillingness-to-work-with-wall-street.html

Wall Street analysts continue to set a very high bar for Snap because the Snapchat-parent won't give them any clues where to place it.

Shares of Snap plunged 13 percent in Friday trading to a new low after the company reported worse-than-expected second quarter results, with the number of users added both fewer than anticipated and at a slower rate than the previous quarter.