Snap (NYSE:SNAP) shares fall as user value comes up short against rivals
Snap Inc. shares fell Monday at midday, giving up gains seen across other internet and communications stocks. Investors pointed to concerns over the value of Snap’s user base and fresh regulatory risks out of Australia. The shares traded at $4.39, off 0.5%, putting the company’s market cap around $7.4 billion. Meta added 2.6%, Pinterest was up 3.8% and Reddit advanced 3.1% in the same live quotes.