Snapchat continues to dive (SNAP)

It's another down day for Snap,the parent company behindmessaging appSnapchat. The stock briefly fellbelow $19.00 pershare and is down almost 4% today. The current price is just around $2 above its IPO price of $17.00.Many analysts have a negative view of the stock, believing it will follow in the footsteps of tech companies like GoPro and Twitter that have struggled since going public rather than mirror the success story at Facebook.Shares of SNAP have been in a nosedive, down roughly 34.5% since reaching a high of about $29.00 on March 3, one day after the IPO.SEE ALSO:Analyst: Snapchat is more like AOL and Yahoo than InstagramJoin the conversation about this storyNOW WATCH: 7 mega-billionaires who made a fortune last year
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