Comment on 4 Things Snap, Inc. Management Wants You to Know

newsfeedback@fool.com (Billy Duberstein), The Motley Fool
Thu, 11/23/2017 - 5:02am

4 Things Snap, Inc. Management Wants You to Know

Investors in Snap, Inc. (NYSE: SNAP) can't be thrilled with its stock price performance so far. At around $12 per share, Snap trades well below its $17 IPO price and at less than half of its yearly high of $29.44. Still, the floundering stock is not really a function of bad execution, but rather some initial overexuberance and sky-high IPO valuation.Listening to its third-quarter conference call, the company is making many changes to prepare the business for the long term, but making so many changes so early is giving investors heartburn.

 

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