Snap Inc., the name responsible for the social media platform Snapchat is in trouble as their latest numbers were below estimates and this has investors looking the other way. For those unfamiliar, this social platform works by sending images that eventually disappear. You can even post Snapchat stories that stay posted for 24 hours for your friends to see. These features have been mirrored on Instagram and Facebook, which Facebook owns Instagram, but many say that is not the reason for their issues with Snap Inc. [more
Snap Inc Class A (SNAP) is traded on BATS Exchange in USA. It is located in CALIFORNIA, U.S.A and employs 14 people. Snap Inc is listed under Business Services category by Fama And French industry classification.The company currently falls under 'Large-Cap' category with current market capitalization of 15.13 B. Snap Inc Class A has 863.06 M outstanding shares of which 71.81 M shares are at this time shorted by private and institutional investors with about 5.19 trading days to cover.
The company currently holds about 2.8 B in cash with (749.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.34.
Check Snap Inc Probability Of Bankruptcy