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

Snap Stock Slumps as Sales Growth Slows Advertisers Cut Spending

10/22/2022 3:45:00 AM

Shares plummeted 26% after Snapchat s parent company said it was operating on an assumption there would be no revenue growth in the current quarter

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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 26% 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 9:52 am ET Read more:
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Read more >> DOJ ramps up charges against pro-life activists: 4 last year, 26 this yearBiden's Justice Department has ramped up prosecutions of pro-life activists using the Clinton-era FACE Act, and has indicted 26 in 2022, compared to just four the previous year. What another load of 💩 from Faux. It’s not even a news channel. merrickgarland DOJ charges alleged criminals with crimes. Thanks for the breaking news, fox ‘Twister’ sequel in works 26 years later, reports sayIt looks like we are finally getting a sequel to “Twister.” ‘Twister’ sequel in works 26 years later, reports sayIt looks like we are finally getting a sequel to “Twister.” Man... why? Hollywood is Dead. No Originality anymore. Everything coming out now is 'woke'. Everyone is Gay, Bi, Trans when 96% of the US Population is NOT so one of the comments is anti gay and you guys did nothing to police that. like who is running your social media department? who thinks that kind of shit is okay? That's not acceptable. Not even a little bit. The best things to do in the D.C. area the week of Oct. 20-26The return of Howard homecoming's Yardfest concert, the 17th Street High Heel Race and a chance to see the crystal flute made famous by Lizzo are highlights. The Rockets missed 26 3-pointers in opener but liked their shotsDespite an off night from long range, Houston liked the looks it got and plans to keep on... Tristan Nash, son of WWE hall-of-famer Kevin Nash, dies at 26Kevin Nash and his son had recently started working together on a podcast. Company that owns Snapchat is among several social-media companies that have struggled to respond to the sagging ad market Snap shifted from overdrive to reverse this year as it prepares for its lowest period of sales growth since going public.Doocy presses White House on Stacey Abrams' abortion claims White House press secretary Karine Jean-Pierre says she "did not see" Georgia Democratic gubernatorial candidate Stacey Abrams' comment on abortion and inflation Wednesday.People magazine reports it has confirmed that Universal Pictures and Amblin Entertainment are working on a follow-up movie titled “Twisters” 26 years after the original hit theaters.People magazine reports it has confirmed that Universal Pictures and Amblin Entertainment are working on a follow-up movie titled “Twisters” 26 years after the original hit theaters. WSJ’s Meghan Bobrowsky explains how Snap’s dependence on digital ads led to its restructuring efforts. Illustration: Jacob Reynolds By Updated Oct. Wade, under a law that was barely used in 2020 and 2021 but has now been used to indict 26 people this year. 21, 2022 9:52 am ET Snap Inc. The 1996 “Twister” starred the late Bill Paxton, with Helen Hunt leading the action-adventure film. posted a further slowdown in sales growth and signaled the digital-ad market . That Clinton-era law makes it a federal crime to use or threaten to use force to"injure, intimidate, or interfere" with anyone seeking either abortion services or pro-life pregnancy counseling services.