Snap is down 48% (from its opening price) since its IPO. Facing stiff competition from Facebook and Instagram Stories, Snap remains outgunned. The stock’s valuation is disconnected from fundamentals.
On Tuesday, August 7, 2018, New Constructs CEO, David Trainer, joined CNBC’s Closing Bell to discuss SNAP.
This article originally published on August 8, 2018.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, sector, style, or theme.