Friday 21 October 2022

Snap Forecasts Zero Revenue Growth for Q4 2022; Shares Crash Dragging Meta, Alphabet, Twitter

Snap shares sank 25 percent on Friday as the Snapchat parent firm reported its slowest revenue growth as a public company for the latest quarter and forecast no revenue growth in the typically busy holiday quarter. While Snap's shares fell, its peers Alphabet, Meta, Pinterest and Twitter also saw their shares slide.

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