Snap shares drop on downgrade by lead underwriter Morgan Stanley – Reuters

Snap shares drop on downgrade by lead underwriter Morgan Stanley – Reuters
ReutersSnap shares drop on downgrade by lead underwriter Morgan StanleyReutersN) shares tumbled on Tuesday after Morgan Stanley, the lead underwriter on the company’s initial public offering, downgraded the stock and raised concerns about the social media company’s ability to compete with Facebook Inc’s (FB.O) Instagram.Snap Shares Dive After Lead Underwriter Questions Growth ProspectsDeadlineSnap Shares Tumble Further Below IPO PriceWall Street Journal (subscription)Snapchat shares downgraded by Morgan Stanley, a rare rebuke by a firm that helped bring it publicCNBCFinancial Times -MarketWatchall 116 news articles »
Snap shares drop on downgrade by lead underwriter Morgan Stanley – Reuters