From Zacks: Snap Inc. (SNAP), the parent of Snapchat, made its public debut last week, in the biggest IPO since Alibaba’s in 2014. The shares opened at $24 after listing at $17 and surged on the first two days and lost all those gains in the next two days.
From Tyler Durden: With practically all but the IPO-allocated insiders still under-water, Snap shareholders will be anxiously awaiting today’s unleashing of options of the money-burning, user-shrinking ‘camera’ company.
From Tyler Durden: Well that escalated quickly. As short-selling begins (T+3 borrow availability opens up), Snap Inc’s shares are extending losses from yesterday, tumbling below the post-IPO open (and lows).
From Bryce Coward, CFA: The Snap IPO has garnered a fair amount of coverage over the last two days so we thought we’d put some data behind the phenomenon.
From StockNews.com: As Snapchat parent Snap Inc. reportedly preps for an early 2017 IPO, the comparisons with social media king Facebook Inc (NASDAQ:FB) inevitably come streaming in.
Walt Disney Co (NYSE:DIS) will produce shows to be streamed on Snapchat, the company said today, as it continues to make moves to connect with its target audience of young people.
Social media giant Facebook Inc (NASDAQ:FB) today announced that iPhone users can now apply Halloween-themed “masks” to live video broadcasts, very similar to those offered by competitor Snapchat.
Facebook Inc’s (NASDAQ:FB) namesake platform has almost completely lost its luster for teenagers, according to a semi-annual poll conducted by Piper Jaffray.
In a move that could signal the first real threat to Facebook Inc’s (NASDAQ:FB) social media dominance, Snapchat parent company Snap Inc. is reportedly planning a massive $25 billion IPO for next year.
Apple Inc. (NASDAQ:AAPL) is one of a few major tech firms that will be watching messaging giant Snapchat over the next several months.