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Wall Street Joins Hedge Funds in the ‘Sell Snap’ Bandwagon

Snap's shares are down 37 percent this year through September 12.

  • By Steve Taub

Wall Street is all but throwing in the towel on Snap, once a favorite among the Tiger Cubs and other hedge funds.Shares of the social media company fell 7 percent on September 12 to close at $9.20 after BTIG recommended that investors “sell” the Snapchat parent. The bank cut its

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