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Marketplace Morning Report

Transgender groups fight for a seat at the funding table

Jun 24, 2019

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This Is Uncomfortable

Snap’s share price falls below its IPO level – a case of buyers remorse?

Adam Allington Jul 11, 2017
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Shares in Snap Inc., the parent company of social media app Snapchat, have fallen below their March IPO price. Shares traded around $27 immediately following the IPO. Today they hit $15.47. One big reason: An analyst at Morgan Stanley, which was one of the underwriters of the IPO, said “we were wrong” about Snap’s ability to keep advertisers happy. As other analysts have also begin to voice doubts, it could be turning into a case of buyer’s remorse.

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