Snap Stock Plunges as Apple Changes Hit Sales. It’s Bad News for Facebook, Too. – Barron's

Snap stock plunged in late trading Thursday after the social-networking firm posted disappointing revenue growth and guidance that fell shy of estimates. The parent of Snapchat said its advertising revenue was hurt more than expected by Apple‘s change in the rules surrounding advertising on mobile apps. 

The miss weighed heavy on shares of other major social-media companies.



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