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No, Snap is not a 'buy' right now

Shares of Snap, erased almost half its losses after Chinese internet giant Tencent announced this morning that its taking a 12% stake in the parent company of Snapchat. That was welcoming news for investors following disappointing quarterly results from the social media company. Yahoo Finance’s Alexis Christoforous and Jared Blikre see if this is enough to turn Snap around.