Snap plummets 34% after a profit warning and drags other social networks in its fall | companies
Snap shares plummeted 34% in off-hours markets after issuing a proft warning yesterday at the close of the US market. The company announced that it will miss its second-quarter sales and profit guidance as macroeconomic conditions deteriorate, with factors such as inflation, the war in Ukraine, bottlenecks or labor shortages negatively affecting advertising budgets. . … Read more