Dow Jones futures rose Friday morning, as Snap stock crashed 30% on weak earnings and sales results. Read More...
Barrons.com
Snap Stock Plunges and Takes Meta and Twitter With It
Shares of Facebook parent Meta Platforms and other social-media stocks tumbled in premarket trading Friday after Snap reported slower growth in the second quarter, leading to larger worries about online advertising. Snap (ticker: SNAP), the parent of Snapchat, reported that revenue rose 13% in the second quarter from a year earlier to $1.11 billion. Snap, however, did say that third-quarter revenue was “approximately flat.”
