Snapchat
Snap Inc.
Snap Inc., also known as Snapchat, went public in 2017. You would think such a vital social networking service would be an excellent stock choice, but that is not the case with Snapchat. Under the surface, Snapchat is actually declining—quite rapidly. The reason why? Instagram (owned by Facebook), Snapchat’s longtime competitor. Instagram came out with “Instagram Stories” as a response to “Snapchat Stories,” which Instagram users are increasingly utilizing. Snapchat’s current rate of growth is comparable to the prehistoric Facebook, which is failing in its own right. Snap Inc.’s stock shows a clear downward trend that all investors should stay away from.
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