On StockTwits, a Twitter-like platform for sharing trading ideas, where 40 percent of users are between the ages of 18 and 34, Snap has been the most talked-about stock for days.
There are concerns about slowing user growth and competition from Facebook Inc <FB.O>. The overall sentiment on the stock is now 44 percent bullish and 56 percent bearish, compared to early February when bullish sentiment was 100 percent, according to StockTwits.
That has not deterred Tiffany Dun, a San Francisco-based mortgage consultant in her late 20s who purchased 125 shares in Snap on the first day of trading at about $22 a share.
“There’s always risk to everything,” she said. “I use the product and I like it, so I bought some.”
(Reporting by Angela Moon; Editing by Jonathan Weber and Bill Rigby)
Originally posted 2017-03-13 15:17:55.
