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Millennials, Gen Z eagerly gobble up Snap Inc. stock

Snap Inc., the parent company of the Snapchat app, has a loyal base of nearly 160 million daily active users, mostly teens and young adults.

So when it went public, who snapped up Snap stock?

Young investors.

Ryan Eshaghi, 18, a freshman at the University of California-Irvine, said he became "addicted" to the app when he was in eighth grade. "It defined the way teens and young adults communicate with one another," he says.

Eshaghi says he bought his 20 shares for the long

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