Snap Inc stock price is falling. Snap has only 166 million daily users.
At the same time Facebook Instagram Stories exceeds 250 million daily active users. Users can post disappearing stories for a 24-hour period closely similar to Snapchat’s service.
The Snap stock price has recently plummeted going just above the IPO price closing at $17.31. This is a surprising story given how much hype has been given to Snap stock prior to listing at the start of the year.
Should you short Snap? Or is it a buying opportunity? Comment below.
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