Snap shares plunge more than 20% on weak guidance
Publishing timestamp: 2024-08-01 20:14:22
Summary
Snap reported third-quarter revenue guidance below expectations, leading to a drop in shares. Meta shares soared after posting better-than-expected results. Pinterest shares fell due to weak guidance. Alphabet's Google ad business grew 11%.
Sentiment: MIXED
Tickers: SNAP,
Keywords: breaking news: technology, internet, technology, social media, snap inc, mobile, business news,
Source: https://www.cnbc.com/2024/08/01/snap-shares-plunge-over-20percent-af.html