Bright future ahead?: Many sophisticated institutional money managers were also intent on getting a piece of the hottest tech IPO in years.
NEW YORK: For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc.
The stock of Snapchat's parent company has been on a roller-coaster ride since its market debut last week, surging more than 70% from the initial public offering price in the first two days of trading and plunging back down by a quarter since.
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