June 2, 2022

Why Snap's Stock Fell 43% in a Day

by The Journal.

Background show artwork for 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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