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Fund managers clash over Snap shares

Reuters  |  NEW YORK 

By Trevor HunnicuttNEW YORK (Reuters) - Fund managers expressed sharply contradicting views on Snap Inc during the social media company's challenged third quarter, regulatory filings showed on Tuesday.The Venice, California-based maker of messaging app Snapchat debuted on the stock market in a March public offering that was the hottest of any tech stock in years.But its earnings reports have underwhelmed Wall Street, including results earlier this month that showed revenue and user growth for the third quarter well below expectations, as it struggles to compete with Facebook Inc's ...

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First Published: Wed, November 15 2017. 04:21 IST
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