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16th of November 2018

Economy



Snap stock drops, setting a record low before recovering a bit

In his note, Greenfield cited several reasons to believe there’s more pain to come for Snap investors: “The company is burning cash, and raising new capital will not be easy,” “user growth is sliding,” “Story/discover engagement is falling,” “there’s been a dearth of product innovation,” “influencers are spurning the platform,” and “ad quality is falling,” he wrote.

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