Snap earnings quarterly forecast lowered due to slowdown, share price crashes over 30 percent

In a U.S. security filing, tech company Snap said that the economy in the last month had deteriorated more than what was expected so it was cutting down its estimated quarterly forecast. This led to an after hours sell-off. It also lead to a decline in other tech stocks such as Alphabet and Amazon resulting … Continue reading Snap earnings quarterly forecast lowered due to slowdown, share price crashes over 30 percent