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Benzinga
Benzinga
Business
Wayne Duggan

A Warning Sign For Other Advertisers? Snapchat Analysts React To Shocking Guidance Cut, Stock Sell-Off

Snap Inc (NYSE:SNAP) shares are plummeting 40% after CEO Evan Spiegel warned employees the company will miss its targets for revenue and earnings in the second quarter.

In a note to employees on Monday afternoon, Spiegel said Snap will also be slowing its hiring as it looks to cut costs in the difficult environment.

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