The owner of Snapchat, grappling with a slowdown in digital advertising, narrowly missed Wall Streets expectations, leading to a significant drop in the companys shares. Despite expressing optimism about its progress, Snap cited various factors, including the impact of the conflict in the Middle East, which adversely affected its business performance. Financial Performance Snap reported a 5% increase in sales, reaching $1.36 billion, in the three months ending December 31. However, this figure fell short of the $1.38 billion anticipated by analysts. While the company managed to...
source: https://tokenpost.com/Snapchats-Owner-Faces-Stock-Plunge-Amid-Ad-Slowdown-Misses-Expectations-11208
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