Snapchat Reportedly Running Out Of Money
- 6 years ago
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." Snap shares are down about 3% ahead of Tuesday's opening bell —and set to open near a record low — after MoffettNathanson analyst Michael Nathanson slashed price target to $6.50 from $8, saying the social-media company is "quickly running out of money.