Snapchat's stock is back at its IPO price
Own a piece of Snapchat, they said. You’ll be cool, they said.
SEE ALSO: Snapchat is on a crusade to show why it’s better than Facebook (hint: size isn’t everything)
If you took that advice, you’re probably not in a good place.
Snap’s stock fell to its IPO price of $17 on Thursday, a significant barometer for the company since it went public. It’s been tumbling down since Snap began trading in March, when shares briefly traded above $25.
Image: google financeInvestors and analysts just haven’t had much faith in Snapchat. Not unlike Twitter, the stagnant user growth is worrying to many. The app