Is Snap Stock a Buy After Its Spectacular Fall From Grace?

·2 min read
Is Snap Stock a Buy After Its Spectacular Fall From Grace?

Factoring in today's decline, Snap -- the parent of social media site Snapchat -- has now lost a stunning 84% from highs reached just last fall. Given its remarkable fall from grace, is Snap stock a buy? In a regulatory filing late Monday, Snap revealed that prevailing economic forces had turned south, and the company was unlikely to live up to its previously released forecast.

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