The catalyst that sent the social media company plummeting was a profit warning that set off alarm bells about the state of the economy. In a regulatory filing after the market close on Monday, Snap -- the parent of Snapchat -- warned that the economic picture had become much more uncertain, causing the company to rein in both its revenue and profit guidance for the second quarter. Read More...
The catalyst that sent the social media company plummeting was a profit warning that set off alarm bells about the state of the economy. In a regulatory filing after the market close on Monday, Snap — the parent of Snapchat — warned that the economic picture had become much more uncertain, causing the company to rein in both its revenue and profit guidance for the second quarter.
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