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Published 2 years ago

Snap sends shares tumbling with warning on economy and earnings

Summary by Ground News
Snap Inc. said the economy had worsened faster than expected in the last month. The social media company slashed its quarterly forecast, triggering an after-hours sell-off.Shares of Snap fell 31%, Alphabet dropped 3.6% and Amazon dropped 2.2%. Nasdaq futures also fell, with traders blaming Snap.

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