Snap (SNAP) is a camera application company in the United States. The company has a flagship product that enables users to communicate through short videos and images. I am neutral on the stock. (See Analysts’ Top Stocks on TipRanks) Earnings Miss and Drawdown Snap's stock slumped by 30% on October 21, after it released and missed its Q3 GAAP earnings estimates. The company's revenue ($1.07 billion) didn't match expectations primarily due to Apple's (AAPL) new privacy policy regarding the tracking of consumer behavior. Data acquisitions are key for tech companies to run efficient business models; I'd almost say it's the sector's key driver.
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