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Snap Selloff Hurts Hedge Funds While Some Short Bets Fail to Score
Some Snap short sellers failed to score a win from the company’s plunge in share price Wednesday.
Photo credit: Patrick T. Fallon/Bloomberg) Wednesday was disastrous for investors in Snap, the parent of Snapchat that was earlier championed by several prominent members of the Tiger crowd. Shares of the social media company plunged 14.6 percent Wednesday to close at $12.91 after Snap reported quarterly revenues that were below analysts’
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