{"id":85142,"date":"2017-07-11T14:24:57","date_gmt":"2017-07-11T18:24:57","guid":{"rendered":"https:\/\/techvibes.com\/?p=85142"},"modified":"2017-07-11T14:24:57","modified_gmt":"2017-07-11T18:24:57","slug":"snap-shares-slip-below-ipo-price-as-analysts-downgrade-stock","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/snap-shares-slip-below-ipo-price-as-analysts-downgrade-stock","title":{"rendered":"Snap Shares Slip Below IPO Price as Analysts Downgrade Stock"},"content":{"rendered":"<p>Snap debuted on the New York Stock Exchange to much fanfare earlier this year. But since going public, the tech company hasn&#8217;t had the best run.<\/p>\n<p>Shares in Snap have steadily declined over the last month, recently tumbling below the company&#8217;s IPO price of $17 for the first time. And we&#8217;re not certain the trend will reverse soon.<\/p>\n<p>Part of the reason for the stock&#8217;s most recent decline hails from Morgan Stanley&#8217;s decision to downgrade the company. The financial firm dramatically cut Snap&#8217;s price target from $28 per share to just $16.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-85163\" src=\"https:\/\/brainstation.io\/app\/uploads\/2017\/07\/Snapchat-stock1.jpg\" alt=\"Snapchat-stock\" width=\"840\" height=\"414\" \/><\/p>\n<p>Morgan Stanley, like most other analyst firms, believes that Facebook poses a major threat to Snap&#8217;s business. Facebook, which owns Instagram and WhatsApp, has been able to successfully replicate most of Snapchat&#8217;s main features across its own lineup, severely diminishing the novel advantages Snap once held over other social networks. As a result, Snapchat&#8217;s user growth has slowed tremendously.<\/p>\n<p>Still, Snapchat <a href=\"https:\/\/borndigital.com\/2017\/06\/21\/snapchat-adds-snap-map-a-new-way-to-see-what-friends-are-doing\">has been adding new features recently<\/a> in order to stay ahead of potential competition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Snap debuted on the New York Stock Exchange to much fanfare earlier this year. But since going public, the tech company hasn&#8217;t had the best run. Shares in Snap have steadily declined over the last month, recently tumbling below the company&#8217;s IPO price of $17 for the first time. And we&#8217;re not certain the trend [&hellip;]<\/p>\n","protected":false},"author":55555,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[155,157],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-85142","magazine","type-magazine","status-publish","hentry","category-News","tag-snapchat","tag-social"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/85142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/55555"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/85142\/revisions"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=85142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=85142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=85142"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=85142"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=85142"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=85142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}