Snap needs to appeal to older people to justify its price, says analyst
Snap must figure out old people to deserve its rich valuation, said Cantor Fitzgerald analyst Youssef Squali on "Power Lunch." "I don't think it necessarily resonates with older audiences yet," said Squali. "They need to work on solutions to cater to people not 18 to 24 to become more like Facebook." Snap, which debuted on the New York Stock Exchange...