Snap Inc.’s shares plunged by Greater than A third on Friday As a Outcome of the social-media agency’s weakest-ever quarterly gross sales progress fanned current considerations A few slowdown Inside the digital-promoting enterprise.
Snap shares fell 39% to $9.96, The backside As a Outcome of the pandemic started in March 2020. The inventory is on monitor for its second-largest Daily proportion drop on doc. Shares have fallen almost 80% this yr.
Source: https://www.wsj.com/articles/snap-shares-tumble-as-digital-advertising-concerns-spread-11658502221