Snap Stock Snaps Back – for the Moment

16. June 2017.

Snap shares appear to have rebounded from the plunge they took earlier this month, after the newly public company released a massive $2.2 billion loss in the first quarter, but investors still are scratching their heads over the company’s prospects. Trading just over $20 at mid-day Tuesday, Snap looks to some like it has regained its early bloom. Others suspect that darker days are yet to come, as signs of robust growth have been lacking. Snap’s revenue and subscriber growth figures missed consensus estimates in Q1, sending shares tumbling.

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