Snap Walks Back Already Lowered Guidance from Month Ago, Shares -30% Afterhours, -81% from High, Below IPO Price
by Wolf Richter, Wolf Street: “The macroeconomic environment has deteriorated further and faster than anticipated.” Kathoomph. And Zoom gives up most of its knee-jerk mini-jump afterhours. Shares of Snap fell through a trapdoor in afterhours trading today, WHOOSH, gone, after the company said in a filing with the SEC that “the macroeconomic environment has deteriorated further and […]
Source: https://www.sgtreport.com/2022/05/snap-walks-back-already-lowered-guidance-from-month-ago-shares-30-afterhours-81-from-high-below-ipo-price/
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