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Benzinga
Benzinga
Technology
Adam Eckert

Why Meta Platforms Stock Is Tumbling Today

Meta Platforms Inc (NYSE:FB) shares are trading lower Tuesday in sympathy with Snap Inc (NYSE:SNAP) after the company issued guidance below the low end of its previously-issued forecast.

During its most recent earnings report, Snap guided for second-quarter revenue growth of 20% to 25% year-over-year. The company said it expected adjusted EBITDA to be between breakeven and $50 million. 

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