Still, they acknowledged that Snap has built momentum as this year’s biggest technology IPO and the darling of millennials. In the Q&A with management that took up the entire session, not one attendee asked about the company’s first-of-its kind share structure that offers IPO investors no voting rights. Investors seeking clear answers to concerns around metrics, particularly the company’s long-touted new user growth, were disappointed. New user growth slowed in the second half of 2016, and just this week Facebook’s WhatsApp introduced a disappearing photo-messaging service similar to Snapchat’s. In a recent update of its IPO registration document, the company also pointed to technical issues facing Android devices that have hindered new user growth outside the US.

Source: Mint February 22, 2017 13:06 UTC