Whereas User Growth Expanded In Each Consecutive Quarter Of 2015, That Expansion Began To Slip In Each Consecutive Quarter Of 2016, Hitting Just 5 Million New Users In The Final Quarter Of The Year.

After tumbling 12 percent Monday, shares of Snap Inc. fell another 10 percent Tuesday, closing at $21.44. Snap priced its initial public offering of 200 million shares at $17 each. The shares opened at Marijuana Stocks $24 apiece Thursday and jumped 44 percent on their first trading day. Industry analysts grew leery of slowing user growth numbers last year and everyone is now trying to figure out the value of a young company that is quickly catching up to Twitter in the number of people who use it. The IPO of the Los Angeles company was the most anticipated arrival since Twitter Inc. entered the public market in 2013. In a recent filing with the Securities and Exchange Commission, Snap said that it had 158 million daily users in its fourth quarter, up 48 percent from the prior-year period. But Wall Street has become skittish about future growth. Whereas user growth expanded in each consecutive quarter of 2015, that expansion began to slip in each consecutive quarter of 2016, hitting just 5 million new users in the final quarter of the year. That was half the user growth in the final quarter of 2015.

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