Dow Jones futures were lower, while tech futures sold off late Monday. Stocks to buy and watch include Tesla supplier Livent. Read More...
Reuters
Snap expects to miss revenue target, slow down hiring
Snap Inc expects to miss its quarterly revenue targets, the company said in a filing on Monday, and will slow hiring for this year, Chief Executive Evan Spiegel told employees. The parent company of photo messaging app Snapchat said economic conditions have “deteriorated further and faster than anticipated,” according to the filing. Challenges facing the company include rising inflation, supply chain shortages and the impact of the war in Ukraine, Spiegel said in a memo seen by Reuters.
Add Comment