Snap redesigns Snapchat app in bid to stay relevant to users
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Business Insider reports shares of Snap Inc. saw an early boost after details of its new Snapchat redesign was revealed. The joy was shortlived, however, Snap shares dropped about 2 percent. Earlier this year, Snap executives said a redesign was on the way to put personal conversations and content on the left side of the main camera screen, while branded/celebrity content is on the right.
Snap shares have dropped 20 percent below the IPO price of $17.