Snap Ad Warning Deals a Blow to Social Media, Internet ETFs
May 24, 2022 at 16:54 PM EDT
Snap Inc. (NasdaqGS: SNAP) shares plunged Tuesday, dragging down social media and internet sector-related exchange traded funds after the social platform announced a surprise second-quarter miss that highlighted a sharp decline in online advertising revenue. Snap Inc. shares declined 43.1% on...