, Columnist
It's Not You Snapchat, It's Us
When infatuation fades, flaws become more apparent.
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Snapchat hasn't changed fundamentally since it became a public company in March, but investors' attitudes about the company sure have.
Investors eagerly bought $3.9 billion worth of Snap Inc.'s stock more than four months ago, but doubts are creeping in. Shares have fallen from an intraday high of $29.44 in the days after the IPO to $15.85 on Thursday, about 7 percent below the first stock sale.