Snapchat shares fall for the first time since IPO
The shares of Snapchat's parent company Snap fell by 12% to $23.77 on Monday, the first fall since its IPO that took place on March 2. Snap shares were priced $24 on the first day of public trading, the value of which soared 44% by the end of the day. The stock had climbed a further 11% the next day.