Snap Inc.'s Problems Aren't Going Away
Going into its third-quarter earnings report, Snap Inc. (NYSE: SNAP) shares have been looking surprisingly strong. Shares of the Snapchat parent have jumped 33% since hitting an all-time low following the company's second-quarter earnings report.
There was no particular fundamental news on the company that drove the stock higher, but a couple of positive analyst notes, including an affirmation of the platform's ability to draw advertisers, pushed the stock higher over the past few months, rewriting the narrative of Snap as a broken IPO.
However, a look at recent data on Snap's downloads and usage indicates that the trends that sank the stock in its first months on the market are still alive.
Source: Fool.com
