Snapchat Sinks As Facebook Launches A Clone (snap)

Snap's stock price is d0wn 3.7% at $22.95 per share on Tuesday after Facebook announced it is is releasing Stories in its main mobile app. Much like Snapchat, Facebook Stories will allow users to post photos and videos that will disappear after 24 hours. Tuesday's slide comes after Snap gained about 4.8% on Monday after receiving a slew of bullish ratings from across Wall Street.

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