Snap craters as sales disappoint, erases US$130B from peers - BNN

7/22/2022 12:00:00 AM2 years 9 months ago
by Bloomberg News
by Bloomberg News
U.S. social-media companies saw more than US$130 billion wiped off their stock-market values Friday, after disappointing revenue from Snap and a lackluster report from Twitter raised new concerns about the outlook for online advertising.
US social-media companies saw more than US$130 billion wiped off their stock-market values Friday, after disappointing revenue from Snap Inc. and a lackluster report from Twitter Inc. raised new conc… [+2256 chars]
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