plunges

Snap plunges 40% on Wall Street, billions in valuation evaporate

Snap plunges 40% on Wall Street, billions in valuation evaporate

The parent company of messaging app Snapchat, which widened its losses to $422 million in the second quarter and announced a slowdown in hiring on Thursday, dropped 39.14% to $9.95. Snap, the parent company of popular messaging app Snapchat, collapsed nearly 40% on Wall Street on Friday after disappointing results, sending nearly $8 billion in …

Snap plunges 40% on Wall Street, billions in valuation evaporate Read More »