Snap: Bellwether online ad stock drops 16% in tough conditions

John Leonard
clock • 2 min read
Snap: Bellwether online ad stock drops 16% in tough conditions: Image source Snap
Image:

Snap: Bellwether online ad stock drops 16% in tough conditions: Image source Snap

Although the online ad slump may be bottoming out says CEO Evan Spiegel

Snap shares dropped 16% on Tuesday after the company told investors it expects revenues to drop by between 2% and 10% in the current quarter, as it restructures to deal with the weak economy, Apple...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Facebook chatbot claims to have a child with 'unique needs and abilities'

Social Networking

Moving fast and breaking things again

clock 19 April 2024 • 3 min read
Meta unveils its latest large language model Llama 3

Artificial Intelligence

Comes in two variants - Llama 3 8B and Llama 3 70B

clock 19 April 2024 • 4 min read
EU watchdog rejects Meta's 'pay for privacy' attempt

Social Networking

Can't charge for data privacy

clock 19 April 2024 • 2 min read

More on Finance and Reporting

Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read
Salesforce's Benioff: 'This must be the year of Data Cloud'

Salesforce's Benioff: 'This must be the year of Data Cloud'

Makes light of customer's AI bungle, as Q4 profits up 10%

Wade Tyler Millward
clock 29 February 2024 • 8 min read
Nvida revenues rise 265% on AI chips

Nvida revenues rise 265% on AI chips

Looks set to make Nvidia more valuable than Amazon and Alphabet

John Leonard
clock 22 February 2024 • 2 min read