Snapchat went public with all the fanfare you'd expect from a major tech initial public offering (IPO).
Snap Inc. Chief Executive Evan Spiegel and Chief Technology Officer Bobby Murphy rang the opening bell at the New York Stock Exchange, and the price rose rapidly.
If you got in and out then you should have made a handsome return.......but that was last week.
That was last week. This week Snap Inc has had a stumble.
Shares in Snapchat fell 12% in trading on Monday to as low as $23.79, below the opening price of $24 a share. That makes them about 16% lower than their high after the IPO.
Perhaps more worrying than this price wobble, analysts don't currently rate it as a "Buy", instead they are warning about strong competition from Facebook (the daddy of social media) and Twitter (a company that has never made a profit) and slow user growth.
Some have suggested that the shares are wildly over priced and could result in the value halving over the coming months.
So this could be an opportunity to short the shares and make some money in the fall. Previously the preserve of Wall Street and major financial institutions, you can short shares (basically betting on them to fall in value) at forex trading sites like eToro.