• Snap falls to new low after media analyst says company is 'quickly running out of money'

    10 days ago - By CNBC

    Snap's list of worries is growing longer: It's strapped for cash and will likely be forced to raise capital as early as mid-2019, according to one Wall Street research firm.
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  • Snap is set to open near a record low after analyst reportedly says it's 'quickly running out of money'

    Snap is set to open near a record low after analyst reportedly says it's 'quickly running out of money'

    10 days ago - By Business Insider

    Snap is sliding ahead of Tuesday's opening bell after MoffettNathanson analyst Michael Nathanson reportedly slashed price target, saying the company is "quickly running out of money."
    Last quarter the social-media company reported its first-ever decline in sequential daily active users and said its cash burn was up in the second quarter.
    CEO Evan Spiegel recently sent out an internal memo admitting the company moved too fast in 2018 and laid out a path to profitability in 2019, but Nathanson is skeptical.
    Watch Snap trade in real time here.
    Snap shares are down about 3% ahead of Tuesday's...
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