Snap Stock Slumps as Sales Growth Shrinks, Advertisers Cut Spending

Shares plummeted 25% in premarket trading after Snapchat’s parent company said it was operating on an assumption there would be no revenue growth in the current quarter.

Oct 21, 2022 - 12:13
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Snap Stock Slumps as Sales Growth Shrinks, Advertisers Cut Spending
Shares plummeted 25% in premarket trading after Snapchat’s parent company said it was operating on an assumption there would be no revenue growth in the current quarter.