NEW YORK, NY / ACCESSWIRE / June 16, 2017 / Snap's shares plummeted on Thursday and headed back to their IPO price of $17. The stock has been one of the most concerning stocks in the market as investors wonder what the future of the company holds. Twitter's shares modestly saw a gain but faced a lot of criticism from users after it unveiled a brand new interface.

RDI Initiates Coverage on:

Twitter, Inc.
https://ub.rdinvesting.com/news/?ticker=TWTR

Snap Inc.
https://ub.rdinvesting.com/news/?ticker=SNAP

Twitter, Inc.'s shares modestly closed in the green on Thursday up 0.42%. The social networking site unveiled a brand new look and many Twitter users aren't happy with the change. According to the company, the interface will be on Twitter.com, as well as the Twitter app on iOs and the Android, TweetDeck, and Twitter Lite. It will be rolled out in the coming days and weeks, but many already responded to the new look with some interesting responses. Nearly 30,000 tweets surfaced about the new interface just within hours of the change and many of them were complaints. While Twitter's new interface is to attract more users, it doesn't look like it's doing any good with the existing users who are mocking the new look. Maybe with time the look will grow on people, the same way the company's "Moments" feature has.

Access RDI's Twitter Research Report at:
https://ub.rdinvesting.com/news/?ticker=TWTR

Snap Inc.'s shares closed down 4.92% yesterday and the stock was one of the most buzzed about drops in the market. Investors have long been concerned about the future of Snap since it had its IPO back in March. The stock crumbled in yesterday's trading session and hit $17, the same price the company's public offering was set at. The stock has now tanked over 42% since hitting as high as $29.44 just days after its IPO. The social media company's first quarterly report last month didn't do anything to calm traders down as they realized the company had declining revenue. Facebook has also been some stiff competition for Snap and the Street may be realizing that Snap was just a bunch of hype with no solid reason to continue heading higher. Facebook is now up almost 300% since its IPO in comparison.

Access RDI's Snap Research Report at:
https://ub.rdinvesting.com/news/?ticker=SNAP

Our Actionable Research on Twitter, Inc. (NYSE: TWTR) and Snap Inc. (NYSE: SNAP) can be downloaded free of charge at Research Driven Investing.

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