Social media stocks sink to erase $135 billion on Snap warning - Moneycontrol

Shares in digital ad-dependent Snap tumbled 43%, their biggest intraday decline ever to trade below its 2017 initial public offering price of $17.

Social media stocks lost more than $135 billion in market value Tuesday after Snap Inc.s profit warning, adding to woes for a sector that is already reeling from stalling user growth and rate-hike fe… [+2756 chars]

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