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
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