- Shares of Snap sank more than 4% Tuesday, briefly matching their all-time low price of $10.51, set on May 3.
- The company, which owns Snapchat, has now lost more than 57% of its value since going public in 2017.
- The stock began to slide after Snap's earnings disaster on May 2 in which the Venice, California-based company reported a loss of $0.17 per share, which was largely expected, on revenues that came in $14 million less than estimates.
- Snap attributed much of the revenue decline to seasonality and a redesign earlier this year that left many users unhappy. The company recently began rolling back the changes.
- Follow Snap's stock price in real-time here.
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