Snap is in a downward spiral on Wall Street

LANSING, Mich. (WLNS) – Snapchat is one of the most popular apps for teens. After becoming one of the biggest initial public offerings in tech history, it’s disappointing investors and analysts on Wall Street.

At the closing bell on Thursday, shares fell below 13% which dropped the stock price below $12 in after hours trading. Today, they opened at $13.17 awhich is up but nowhere near where they opened on the stock market at $17.00.

Watch above for more.

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