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

Social media stocks lost more than US$180 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 fears.

Social media stocks lost more than US$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 … [+2687 chars]

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