June 2, 2022

Why Snap's Stock Fell 43% in a Day

by The Journal

Things were already tough for Snap, Snapchat's parent company, thanks to big changes in the ad market. Then last week the company made a surprise announcement: It's worse than we thought. WSJ’s Meghan Bobrowsky explains the reasons behind Snap’s stock tumble, and why it’s raising concerns about other tech companies too.

Further Reading:

- Tech Stocks Continue to Fall After Snap’s Profit Warning 

- Snap Plunges, And There Goes Social Media’s Online Ad Biz 

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