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The negative disposition from the warning from Snap (SNAP) has weighed on investor sentiment from a broader standpoint and it has undercut a number of other social media stocks more directly that derive a large chunk of revenue from online advertising services.
That includes names like Alphabet (GOOG), Meta Platforms (FB), Twitter (TWTR), and Pinterest (PINS).
More of the same in Q3 2022 release today:
Snap Spews: Beats by $0.09, revs in-line
BUT Q4 internal outlook for revs below consensus NOT providing formal Q4 guidance
ARPU declines to $3.11
Announce $500mln stock buyback
$NAP $7.91
▼ 2.88 (-26.69%) After Hours
▼ -64.86 (-85.74%) Past YearThis story keeps repeating, U.S. social networking company Snap reports earnings, they miss, the stock gets drilled. SNAP traded down to $7.59 -3.19 o
[See the full post at: Snap Vanishing After Another Earnings Disaster, Now Down 90% in a Year, 30% in a Day]
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