Snapchat's Struggles Continue
As Snap continues to make adjustments within its Snapchat app, its stock continues to take a nosedive. Snap (SNAP) stock closed down 7% yesterday, putting it more than 15% below the price when it went public last year. These recent adjustments have drawn criticism from different celebrities as well, including Kylie Jenner and Rihanna. Investors have doubts that Snapchat will ever reach Instagram's user count, especially with Instagram continuing to roll out many similar features of Snapchat. However, Snapchat isn’t the only social media platform drawing skepticism from investors, as Twitter stock fell yesterday despite the company reporting revenue and profit that topped projections.
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