[Global Synthetic Reporter Li Zongze] According to the US "Wall Street Journal" reported on March 7, Snap's stock price fell 12% in the third trading day after the listing and closed below the opening price on the first day of the listing last week. The stock closed at 23.77 U.S. dollars on Monday and was last week at $17 after setting it at $17 last Wednesday. Data map It was a major setback for both the largest IPO deal for technology companies since 2014, and the investor who bought the stock in frantic transactions last Thursday and Friday. How did this terrible situation happen? As MoneyBeat reported last week, a large number of analysts are skeptical, and the company's stock is considered to be the target of short sellers. On Monday, Laura Martin, an analyst with brokerage Needham & Co., gave the stock a “weaker than market†rating and expects the stock price to fall to the range of $19 to $23. Martin pointed out that, like other companies, the Snapchat app owned by Snap can be easily imitated, and faces difficulties in expanding its user base from young people who are keen on self-portraits. Martin said that Snap has no clear profit path before 2020. 2V Storage Battery,Stationary Battery 2V 2000Ah,2V Deep Cycle Solar Battery,2000Ah2V Solar Gel Battery Jiangsu Stark New Energy Co.,Ltd , https://www.stark-newenergy.com