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Why Snap Stock Lost 6% in 2021

TheMotleyFool

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Shares of Snap (NYSE: SNAP) had an up-and-down year in 2021. The fast-growing social media stock posted strong growth for most of 2021 but then disappointed the market at the end with weak guidance for the key fourth quarter.

According to data from S&P Global Market Intelligence, the stock finished the year down 6%. You can see from the chart below that the stock had outperformed the S&P 500 for most of the year, before diving late in 2021.