The stock's current trading symbol of 'FB' has been in use since Meta Platforms went public in 2012. Read More...
Motley Fool
Snap Stock: Bear vs. Bull
Snap’s (NYSE: SNAP) stock recently dropped below its IPO price of $17 after it unexpectedly cut its second-quarter guidance on May 24. In its first-quarter earnings report on April 21, Snap had predicted its revenue would rise 20% to 25% year-over-year in the second quarter, and that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) would decline 57% to 100%. Snap blamed that downward revision on the “macroeconomic environment,” which “deteriorated further and faster than anticipated.”
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