Snap Stock Tumbles as Digital-Advertising Concerns Spread

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Snap shares plunged by greater than a 3rd on Friday because the social-media firm’s weakest-ever quarterly sales growth fanned recent issues a couple of slowdown within the digital-advertising business.

Snap shares fell 39% to $9.96, the bottom for the reason that pandemic started in March 2020. The inventory is on observe for its second-largest day by day proportion drop on file. Shares have fallen practically 80% this 12 months.

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