Snap hits record low after getting rejected from the S&P 500

 Snap shares fell 4% and closed at a record low on Tuesday at $13.10, but it wasn’t just because of the dreaded lockup expiration, which allowedsome insidersto finally sell shares. Snap faced another devastatingblow when it was revealed that the company won’t make it into the S&P 500, a popular stock market index. The way Snap has divided up its classes of stock have made… Read More

Author: Katie Roof
Published at: Wed, 02 Aug 2017 02:27:23 +0000

Credits: https://www.techcrunch.com