M&S is now worth more than Snapchat

M&S is now worth more than Snapchat

Here’s an interesting stock chart comparison that caught my eye this week. For the first time, the market cap of Snapchat owner Snap is now less than supermarket M&S, in a sharp reversal of the tech firm’s fortunes. If you’d spent £1,000 on shares in the social media platform five years ago, you’d be left with about £85 today after the stock fell by more than 90 per cent. Alternatively, if you’d put that cash into shares of the 140-year old Brit…