Snapchat owner's stock is now worth less than M&S's for the first time скачать в хорошем качестве

Snapchat owner's stock is now worth less than M&S's for the first time

If you’d spent £1,000 on shares in the social media platform five years ago, you’d be left with about £85 today after the stock fell by more than 90 per cent. Buzzy tech stocks, even if they float on a market cap of near $100bn, as Snap did, are not guaranteed success. In Snap’s case, it has wrestled with the twin rivals of Meta’s Instagram and Bytedance’s Tiktok, which have adopted a similar vertical video format to Snapchat and poached millions of its users in the process. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter):   / cityam   Facebook:   / cityam   Instagram:   / city_am   LinkedIn:   / cityam