Snapping a winning streak: After jumping another 11% on Friday, the stock on Monday reversed course and fell 12.25%.
SAN FRANCISCO: Shares of Snap Inc slumped 12% on Monday and closed at their lowest level of the three sessions since the Snapchat owner's soaring market debut last week.
The US$3.4bil (RM15.1bil) listing last Thursday was the hottest technology offering in three years, but the loss-making company's lofty valuation and slowing user growth have raised eyebrows on Wall Street.
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