Snap Stock Slumps Premarket as Sales Growth Slows Advertisers Cut Spending Wsjwhatsnow - Wsjcorp HEAD TOPICS

Snap Stock Slumps Premarket as Sales Growth Slows Advertisers Cut Spending

10/21/2022 2:09:00 PM

Snap the parent company of Snapchat posted a slowdown in sales growth a sign that the digital-ad market could remain lackluster for some time #WSJWhatsNow

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The Wall Street Journal

Snap, the parent company of Snapchat, posted a slowdown in sales growth, a sign that the digital-ad market could remain lackluster for some time WSJWhatsNow Shares plummeted 25% in premarket trading after Snapchat’s parent company said it was operating on an assumption there would be no revenue growth in the current quarter. Snap shifted from overdrive to reverse this year as it prepares for its lowest period of sales growth since going public. WSJ’s Meghan Bobrowsky explains how Snap’s dependence on digital ads led to its restructuring efforts. Illustration: Jacob Reynolds ByUpdated Oct. 21, 2022 6:10 am ET Read more:
The Wall Street Journal » Blue Man Group celebrating 25 years at Briar Street Theatre in Chicago The Best Things To Do In Dallas, Oct. 19–25 Zion scores 25 points in return, Pelicans rout Nets The 25 Strangest IMDb Plot Keywords

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