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Evening Standard
Evening Standard
Business
Simon Hunt

Snap shares tank after revenues fall short

SNAP Snapchat Meta

Snap did not provide revenue or profit forecasts for the next quarter, citing “uncertainties related to the operating environment.”

(Picture: Snap Inc)

Snap shares plummeted 25% last night after the social media firm missed revenue expectations and warned it faces “incredibly challenging” conditions.

That makes it just the latest tech giant to disappoint investors amid carnage in the market.

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