Snap Is Likely Dead Money (Rating Downgrade) (NYSE:SNAP)

Group 1 - The article discusses the recent downgrade of Snap (NYSE: SNAP) stock to a "hold" status, indicating that the previous opportunistic investment call has reached its limit [1] Group 2 - Amrita leads a boutique family office fund in Vancouver, focusing on sustainable, growth-driven companies that aim to maximize shareholder equity [2] - The fund's investment strategy emphasizes growth-oriented goals and has been successful in maximizing returns during the pandemic [2] - Amrita's newsletter, The Pragmatic Optimist, has gained recognition as a top finance newsletter, aiming to simplify financial literacy and macroeconomic concepts for a broader audience [2]