Snap Shares Tumble On Economy Warning

CNN.com - RSS Channel - US, CNN: Nation
Tue, 05/24/2022 - 2:11am

Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.

Topics: snap inc economy

Place your ad here
Loading...

BING NEWS:

Stock market today: Stocks slide after GDP report prompts inflation, growth concerns
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first quarter.
04/25/2024 - 10:03 am | View Link
Stock Market Today: Markets Tumble Amid Slower Economic Growth and Rising Prices
The steep slowdown in expected revenue and increased costs sparked a rout in META stock. Shares lost 10.6% Thursday, shedding $132 billion in market capitalization in the process. For context, that's ...
04/25/2024 - 9:08 am | View Link
Stock Market Today: Stocks tumble as GDP slows with inflation spike; Meta plunges
Big Tech earnings and GDP data are in focus as markets look to defend a largely positive week for the S&P 500.
04/25/2024 - 4:22 am | View Link
Hermes Defies Luxury Slowdown With Sales Jump in China
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
04/24/2024 - 9:28 pm | View Link
Here's Why We Think Yum! Brands (NYSE:YUM) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good ...
04/16/2024 - 9:15 pm | View Link
More

Snap Shares Tumble On Economy Warning

MoviesWithButter : Our Sister Site

More U.s. News

Snap Shares Tumble On Economy Warning

Welcome to Wopular

MoviesWithButter : Our Sister Site

More U.s. News