Social media stocks plunge following a profit warning from Snapchat parent firm

clock • 3 min read
Social media stocks plunge following a profit warning from Snapchat parent firm
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Social media stocks plunge following a profit warning from Snapchat parent firm

Snap says sales and profitability for the second quarter will be below its previous forecast, sparking a sell-off of online ad-driven stocks

A profit warning from Snapchat's parent company sent its shares crashing over 40% on Tuesday, triggering a sector-wide sell-off as the social media firm signalled tough times ahead for the once-boo...

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