Tech Stocks Mark a Huge Fall Amid Snap Revenue Guidance!!!

Twitter has been down almost 5%, it’s been closer to 10% for Meta, after Snap anounces the decrease in revenue prediction.

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Snap shares plummeted of 30 per cent in the pre-market after that company delivered a second-quarter profit and revenue warning.

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That’s an indication that ads dollars are at risk. It’s no surprise to see that Alphabet’s shares are also coming under pressure.

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Snap’s warning soured market sentiment, with futures pointing to a drop at the start of trading in New York.

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By this time tomorrow, we’ll have one-third of the Big Six earnings season out with Bank of Nova Scotia and Bank of Montreal.

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Zoom Video Communications raised its full-year profit forecast yesterday. first-quarter revenue growth that matched expectations.

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This came after U.S. social media company Snap ( SNAP) warned that Q2 revenue and EBITDA would fall below the low end.

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Today we filed an 8-K, sharing that the macro environment has deteriorated further and faster than we anticipated.

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Twitter has been down almost 5%, it’s been closer to 10% for Meta, after Snap anounces the decrease in revenue prediction.

Tech Stocks News- Huge Downfall in Big Stocks

Snap shares plummeted of 30 per cent in the pre-market after that company delivered a second-quarter profit and revenue warning.

Tech Stocks News- Q1 Profit & Revenue Warning

That’s an indication that ads dollars are at risk. It’s no surprise to see that Alphabet’s shares are also coming under pressure.

Tech Stocks News- Google Alphabet Shares

Snap’s warning soured market sentiment, with futures pointing to a drop at the start of trading in New York.

Tech Stocks News- Market Sentiments Soured

By this time tomorrow, we’ll have one-third of the Big Six earnings season out with Bank of Nova Scotia and Bank of Montreal.

Tech Stocks News- Big Six Earning Season

Zoom Video Communications raised its full-year profit forecast yesterday. first-quarter revenue growth that matched expectations.

Tech Stocks News- Zoom Video Communication

This came after U.S. social media company Snap ( SNAP) warned that Q2 revenue and EBITDA would fall below the low end.

Tech Stocks News- Q2 Revenue Warn by SNAP

Today we filed an 8-K, sharing that the macro environment has deteriorated further and faster than we anticipated.

Tech Stocks News- Macro Environment

Swipe up for More Stories related to Tchnology, Gadgets, Finance, & Other Trending News around the Globe.

Tech Stocks News- Swipe Up For More!!!