snapchat: Snap shares plunge 25% as economy, fierce competition slow revenue growth

Snap Inc on Thursday painted a grim picture of the effects of a weakening economy on social media and declined to make a forecast in “incredibly challenging” conditions, sending its shares down 25% and setting off a chain reaction of stocks among rivals. The Snapchat owner said some advertisers continue to face supply-chain disruptions and … Read more

snap: Snap shares plunge 25% as economy, fierce competition slow revenue growth

Snap Inc on Thursday painted a grim picture of the effects of a weakening economy on social media and declined to make a forecast in “incredibly challenging” conditions, sending its shares down 25% and setting off a chain reaction of stocks among rivals. The Snapchat owner said some advertisers continue to face supply-chain disruptions and … Read more

Snap Becomes Latest Giant To Roll Out NFTs—Just As Market Cools Amid Crypto Winter

Topline Snap is exploring ways for creators to showcase NFTs on its platform, the Financial Times reported on Wednesday, joining tech giants Meta, Reddit and Spotify in releasing NFT features amid a down cryptocurrency market. Snap has plans to test ways for creators to showcase NFTs beginning in late August. Getty Images Key Facts Snap’s … Read more