- Snap shares sold off Wednesday after the company cited potential advertising troubles once the de minimis tariff exemption closes in its earnings report. Although the company posted a 14% increase in total revenue, the company yanked its second-quarter guidance due to an uncertain macroeconomic environment.
Social media platform Snap shares plummeted as much as 16.9% Wednesday after it pinned potential headwinds on a soon-to-shutter tariff loophole that could negatively impact Snap advertisers who rely on it for e-commerce sales.
