Why the Worst May Not Be Over for Snap
Snap (SNAP) stock has rallied 27.0% since the sharp decline it saw after it announced disappointing first-quarter 2018 results in May. Snap stock has had a tendency to move sharply either way after major news. The fact of the matter is that Snapchat faces immense competition from Facebook’s (FB) Instagram, which now has one billion monthly active users. Also, Snap has remained expensive considering its decelerating growth rate.