Wed, 07 Feb 2024 13:28:34 GMT
Snap shares plummet
The stock price of Snap has erased 30% of its value. The company's shares are set to start Wednesday's trading at $12.21, compared to Tuesday's close at $17.46. The drop has occurred due to the company failing to come close to market expectations for quarterly financial results.
Snapchat has reportedly suffered an abysmal quarter in advertisement revenues, which is