As Facebook stock crashes 20%, Snap shares are still below post-IPO

Facebook shares are cratering midweek, wiping out more than $20 billion in market value. This is the second time in 2018 that the social media empire has seen its stock crash – the first one was when it endured a privacy scandal.

But as the market turns its attention to Facebook, there is another tech stock that should still be in the news: Snapchat.

Snap has yet to climb above its post-IPO share price.

In fact, at the time of this writing, Snap shares are trading under $13, down from its post-IPO price of just under $30.

Here is how the stock has performed since going public:

Facebook is likely going to recover, but it looks like the Snap stock is hopeless.