Overeager Investors Seeking Snap Buy Snap Interactive Instead

Stephen Shankland, writing for CNET: Investors eager to cash in on the initial public offering of Snap, makers of the popular Snapchat app, have instead been buying shares of Snap Interactive, maker of the Paltalk video chat app and FirstMet dating app. Snap Interactive stock, traded over the counter and not on major exchanges like Nasdaq, has slid below $6 per share in recent years, according to Google Finance. On Monday, after Snap detailed its IPO plans, though, its stock surged to $15 and remained between $8 and $10 per share Wednesday.


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