From CNBC: 2025-04-30 09:59:00

Snap Inc. shares dropped over 15% as the company decided not to provide second-quarter guidance due to economic uncertainty. Snap’s revenue continued to grow, but the company faced challenges at the start of the current quarter. Changes to the de minimis exemption may impact advertising demand. Snap’s revenue grew 14% to $1.36 billion, with a narrowed loss of $140 million. Daily active users increased to 460 million, with 900 million monthly active users. Analysts expect Snap’s lack of visibility to affect its shares. Other social media companies such as Pinterest, Reddit, and Meta also saw share decreases.



Read more at CNBC:: Snap sinks 15% after withholding guidance, citing ad concerns