{"id":5815,"date":"2022-05-25T07:36:58","date_gmt":"2022-05-25T05:36:58","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/05\/25\/snapchat-developers-profit-warning-sends-social-media-stocks-tumbling\/"},"modified":"2022-05-25T07:36:58","modified_gmt":"2022-05-25T05:36:58","slug":"snapchat-developers-profit-warning-sends-social-media-stocks-tumbling","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/05\/25\/snapchat-developers-profit-warning-sends-social-media-stocks-tumbling\/","title":{"rendered":"Snapchat developer\u2019s profit warning sends social media stocks tumbling"},"content":{"rendered":"

Snap Inc\u2019s shares fall nearly 40% in early trading as fears grow over global downturn<\/p>\n

A profit warning from Snapchat\u2019s developer has sent the company\u2019s shares crashing nearly 40% in early trading, triggering the latest in a series of stock market routs that has wiped billions from the value of social media companies amid fears their revenues will be hit by a global economic downturn.<\/p>\n

\u201cSince we issued guidance on 21 April 2022, the macroeconomic environment has deteriorated further and faster than anticipated,\u201d the company said in an SEC filing<\/a> published on Monday evening. Snap said it now expected second-quarter revenue and earnings below its guidance range, and told staff it would slow the hiring of new recruits. <\/p>\n

Continue reading…<\/a>
\nSnap Inc\u2019s shares fall nearly 40% in early trading as fears grow over global downturn
\nA profit warning from Snapchat\u2019s developer has sent the company\u2019s shares crashing nearly 40% in early trading, triggering the latest in a series of stock market routs that has wiped billions from the value of social media companies amid fears their revenues will be hit by a global economic downturn.
\n\u201cSince we issued guidance on 21 April 2022, the macroeconomic environment has deteriorated further and faster than anticipated,\u201d the company said in an SEC filing published on Monday evening. Snap said it now expected second-quarter revenue and earnings below its guidance range, and told staff it would slow the hiring of new recruits. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Snap Inc\u2019s shares fall nearly 40% in early trading as fears grow over global downturn A profit warning from Snapchat\u2019s developer has sent the company\u2019s shares crashing nearly 40% in early trading, triggering the latest in a series of stock market routs that has wiped billions from the value of social media companies amid fears …<\/p>\n

Snapchat developer\u2019s profit warning sends social media stocks tumbling<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":5816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5815"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5815"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5816"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5815"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}