The pressure is on for the Snapchat investors
A fading share price, a young chief executive adjusting to life in the spotlight, and concerns that the tech company he leads has been overhyped.
This is the situation currently facing Evan Spiegel, the 27-year-old founder of the Snapchat.
Snap Inc, the messaging app’s parent company, has not enjoyed the start to the stock market it hoped for when it went public in March at a $24bn (£18.5bn) valuation, the biggest technology float for years. Shares spiked on the app’s debut but have since dropped below their initial offering price, the maiden set of results was disappointing, and analysts have turned bearish on the stock.
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