Snap shares drop 4 percent, fall below $20 for the first time
Reuters --------- Snap Inc shares tumbled below $20 on Thursday for the first time since the company's $3.4 billion public listing after the Snapchat owner received another "sell" rating from an analyst. The social media company this month pulled off the hottest technology offering in three years, but after two days of explosive gains its stock has steadily retreated from a peak of more than $29 as investors worry about Snap's high valuation and lack of profitability. Snap was down 4 percent at $19.92 in afternoon trade. To learn more click on the picture below to read the article.