Snap Stock Hits New Low, Analyst Says It’s ‘Quickly Running Out of Money’

By Christine Zosche 

Shares in Snapchat parent Snap Inc. took a dive after a harsh report from a Wall Street analyst, who warned that the company is “quickly running out of money.” The stock dropped more than 6 percent Tuesday to close at $7, the lowest closing price since the company’s IPO in March 2017. (Deadline)

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