Snap (SNAP) stock took a jab straight on the chin following the release of some sub-par third-quarter results. Revenues fell shy of the consensus estimate, with Apple (AAPL) and its latest iOS version being to blame. Indeed, the broader social-media space has been shaken to its core, with Apple's user-first, privacy-focused updates. SNAP stock plunged around 22% following the results. Today, the stock has lost about one-third of its value compared to its all-time high from earlier in the year. Many Apple users are opting to deny app-tracking requests, taking a meaningful bite out of the ad business.
https://www.tipranks.com/news/article/snap-looks-intriguing-after-its-recent-plunge?utm_source=advfn.com&utm_medium=referral
Snap (NYSE:SNAP)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Snap Charts.
Snap (NYSE:SNAP)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Snap Charts.