Snap Shares Plunge Amid Digital Ad Slump

10:35am, Wednesday, 01'st Feb 2023
Snapchat (SNAP) shares are falling over 12% in early trading Wednesday after the social media company posted weaker-than-expected revenue as digital ad sales struggled.
Options traders are bombarding social media giant Snap Inc (NYSE:SNAP), after the company's fourth-quarter earnings report led the shares 13.9% lower out of the gate today.
Snap Inc (NYSE:SNAP) shares fell more than 13% at the open on Wednesday after the visual social media company reported yet another round of disappointing quarterly earnings and forecast a decline in

Why Is Snap (SNAP) Stock Down 12% Today?

09:16am, Wednesday, 01'st Feb 2023
Snap (NYSE: SNAP ) stock is on the move Wednesday as investors react to the company's earnings report for the fourth quarter of 2022. The Snap earnings report starts with adjusted earnings per share o
Shares of Snap tumbled after the company released disappointing earnings for the third quarter in a row.
As Amazon (AMZN), Microsoft (MSFT) and Google-parent Alphabet (GOOGL) announce massive layoffs in the tech sector, Chipotle Mexican Grill (CMG) looks to fill 15,000 jobs in preparation for the typical

Here's Why Snap's Revenue Is Taking a Hit

07:48am, Wednesday, 01'st Feb 2023
The social media company's top-line growth rate slowed every quarter in 2022.
Ranjan Roy, Margins editor, joins 'Squawk Box' to discuss why brands aren't advertising right now, if Snap's advertising business model has ever been good and if Snap has the scale that investors want
Although the revenue and EPS for Snap (SNAP) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wall Street
Neuberger Berman's Daniel Flax and Cleo Capital's Sarah Kunst discuss Snap and Meta's quarterly earnings report.
Are Snap Inc.'s problems of its own making or reflective of broader challenges in the digital-advertising space?
Snap Inc blamed a poor economy and increased competition for its ho-hum quarterly earnings, but a rise in the key ad metric could mean good news for Facebook owner Meta Platforms and Alphabet , analys

Snap shares dive on bad quarterly results

04:12am, Wednesday, 01'st Feb 2023
Shares in Snapchat's parent company plunged more than 14 percent on Tuesday after it reported a loss in the final three months of last year on seemingly stalled revenue.
Snap Inc.'s life as a high-growth young tech stock is over, and its rivals are about to show how much of that change is about Snapchat.
Facing a downshift in digital ad spend that's hurt other players in the space, Snap Inc. is looking to beef up its direct response business and deliver quality over quantity with video impressions.
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