Announcing The Information Courses: Sign up for our Micromobility 101 course, a 15-day guided primer on dockless e-scooters, bikes, and more.

About Us

Pricing New Corporate Sales

Read this article for free.

Already a subscriber? Log in here

Q&A

Asia Media Enterprise Facebook Markets

T. Rowe Declares Confidence in Snap’s Prospects

Alfred Lee

Apr 14, 2017 7:00 AM PDT ·

Comments by Mary Vascellaro and Michele Clarke

A key money manager at one of the biggest mutual fund investors in tech says Wall Street is getting it wrong on Snap.

In an interview, Paul Greene, the manager of T. Rowe Price’s $4.2 billion Media and Telecommunications Fund, downplayed widespread investor concerns about Snap, such as its ability to withstand competition from Facebook or the lack of voting stock offered investors in Snap’s IPO. Worries around these issues have pushed down the stock by around 15% since its IPO early in March. Just this week, Instagram reported higher daily active users for its Snapchat-like feature Instagram Stories than Snapchat has generally.

Read this article for free

This article is part of our archive of over 2,400 stories and is only available to subscribers. To give you a preview of the work we do, you can enter your email to access the full article.

Already a subscriber? Log in here

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.