Throughout 2019, social media company Snap (SNAP) looked like it was staging a resurgence. For awhile, investors cheered the company's stronger-than-expected user growth and progress toward slicing down its cash burn, and pointed to evidence that the company was holding up well despite intensifying competition from fellow social media platforms like Instagram. Snap led an unprecedented rally last year, nearly tripling its share price over the course of the past twelve months and surpassing its original IPO price of $17 (an important psychological threshold).

Now, however, with the company's latest Q4 results, investors' fears were stirred fresh. Shares sank more than 10% on the news, with investors' attention turning to a glaring revenue miss in Q4 and the expectations of continued losses in FY20:

READ FULL ARTICLE HERE