Shares of Snap (NYSE: SNAP) were pulling back after the company announced a debt offering. Investors seemed to balk at the move, which came after Snap delivered surprisingly strong first-quarter results, as it shows the social media company still hasn't reached the point where it can fund its own growth.

As a result, the stock was down 2.1% as of 1:13 p.m. ET.

Image source: Getty Images.

Continue reading

Source Fool.com