US open: Stocks fall as Snap disappoints & ahead of the Fed
Stocks are heading southwards after Snap, a usual canary in the coal mine, posts the slowest revenue growth since going public in 2017 and as investors await the Fed rate decision.
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Stocks are heading southwards after Snap, a usual canary in the coal mine, posts the slowest revenue growth since going public in 2017 and as investors await the Fed rate decision.
Snap was the canary in the coal mine for digital advertising stocks last earnings season.
Snap is striving to reaccelerate growth, but markets remain unconvinced over the short term.
Snap is striving to reaccelerate growth, but markets remain unconvinced over the short term.
US stocks are mixed but are set for a weekly gain after broadly upbeat earnings in tech. However, Snap & Twitter disappointed.
Snap is suffering from a slowdown in growth as advertisers pullback on spending amid a weaker economic outlook.
Snapchat’s appeal to younger users and strong growth outside of North America and Europe means Snap is outperforming many of its rivals.
Snap, the owner of social media platform Snapchat, is expected to breach 300 million users and over $1 billion in quarterly revenue for the first time ever this week.
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