Snap Plunges, Drags Down Social Media ETF

Snap Inc. (NYSE: SNAP) shares plunged to their lowest level since early 2020, dragging down social media sector-related exchange traded funds, after reporting lackluster quarterly results in face of slowing advertisement revenue. The Global X Social Media ETF (SOCL) declined 5.4% on Friday. Meanwhile, Snap Inc. shares plummeted 38.3% on Friday toward their lowest level [...] The post Snap Plunges, Drags Down Social Media ETF appeared first on ETF Trends .