Snap’s (SNAP) 1Q25 performance overshadowed by grim portent for ad business
Shares of Snap Inc. (NYSE: SNAP) plunged over 14% on Wednesday after the company reported its first quarter 2025 earnings results but did not provide guidance for the second quarter, citing concerns over the economic uncertainty and its impacts on its advertising business. Snap saw revenues grow double-digits and losses narrow in the first quarter. … Read more