Snap warning shocks digital media stocks; Facebook, Pinterest drop

Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were … Read more

Snap plunges after CEO warns company will miss on earnings, revenue

Snap shares plunged 30% in extended trading on Monday after CEO Evan Spiegel warned in a note to employees that the company will miss its own targets for revenue and adjusted earnings in the current quarter. The social media company will also slow hiring through the end of the year as it looks to manage … Read more

Snap earnings Q1 2022

CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter, when it reported first-quarter results … Read more

Snap stock up more than 58% after strong Q4 earnings report

CEO of Snap Inc. Evan Spiegel goes to a morning session at the Allen & Company Sun Valley Conference on July 7, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap shares rose up to 58.2% on Friday after the company reported its first-ever quarterly net profit ever, showing that it sees faster-than-expected … Read more