Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Where Will Snap Be in 5 Years?

TheMotleyFool

0 0

When Snap (NYSE: SNAP) went public in early 2017, many critics claimed it would struggle to justify its high valuation, narrow its losses, and fend off Facebook's (NASDAQ: FB) Instagram.

For a long time, the critics seemed right. Snapchat's daily active user (DAU) growth stalled out in 2018 as Instagram cloned its features. It continued burning cash and its price-to-sales ratio remained high.

Snap's stock slid below its IPO price of $17 in late 2017 and plunged to about $5 in 2018. It bounced back above its IPO price in early 2020, but the COVID-19 crash last March sent it back below $10.

Source Fool.com

Like: 0

SNAP

Share