Bloomberg Markets: Snap Slips Below IPO Price, Faces Downgrade

Bloomberg Markets with Carol Massar and Cory Johnson. GUESTS: Alex Barinka IPO Reporter Bloomberg News Discussing Snap falling below its initial public offering price for the first time and was downgraded by Morgan Stanley amid concerns over competition from Instagram and the ability of Snapchat’s parent to grow as fast as initially expected. Erik Gordon, Professor of Business at University of Michigan Law School, also participates in the discussion.

See omnystudio.com/listener for privacy information.