Snap drops 30% after revenue miss, weak guidance, show advertising struggles
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Snap shares tanked 30% in Wednesday morning trading, a day after missing revenue estimates and issuing light guidance in its fiscal fourth-quarter…
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