4 Things Snap, Inc. Management Wants You to Know
Investors in Snap, Inc. (NYSE: SNAP) can't be thrilled with its stock price performance so far. At around $12 per share, Snap trades well below its $17 IPO price and at less than half of its yearly high of $29.44. Still, the floundering stock is not really a function of bad execution, but rather some initial overexuberance and sky-high IPO valuation.
Listening to its third-quarter conference call, the company is making many changes to prepare the business for the long term, but making so many changes so early is giving investors heartburn. But while management has its eyes quite rightly on the long term, whether it can get there is a matter of conjecture. Here are four things CEO Evan Spiegel & Co. want you to know.
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Source: Fool.com
