Snap shares drop on Morgan Stanley’s downgrade

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Snap shares tumbled after Morgan Stanley, the lead underwriter on the company’s initial public offering, downgraded the stock. Fred Katayama reports.

Snap shares drop on Morgan Stanley’s downgrade

Tags : share, Sharemorgan stanley, initial public offering, Snapchat, Social media company, ipo, Snap, Underwriter, Fred katayama, stock, Morgan stanley

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