Snap shares dipped by 12% on Monday and ended the day at its lowest level in three sessions since the parent company of service Snapchat make stock debut last week.
The stock plunge comes after a strong Wall Street debut. Snap soared 44% above its IPO price of $17 a share on Thursday, its first day of trading. It jumped another 11% on Friday.
But analysts have been raising significant concerns about Snap's user growth, valuation and hype.
The company saw user growth slow to a halt in the final months of last year.
Snap only began making money two years ago and is still struggling to turn a profit. The company suffered losses of $515 million in 2016, up from a loss of $373 million the year before.
Source CNN
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