> It went public in early 2017 at $17 per share, sinking below $5 per share by the end of 2018.

Well I guess those who threw their money into "dead stock" at an all time low of $5 at the time, all for it to rise back must have now made a significant gain for now.

Snap is still not profitable just like Lyft, Uber, Blue Apron etc. But instead, this article is a cautionary tale of avoiding buying stocks of unprofitable companies at the IPO price.