{"id":452528,"date":"2022-05-24T18:00:00","date_gmt":"2022-05-24T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/snapchat-meta-and-google-shares-plummet-after-dire-economic-warning\/"},"modified":"2022-05-24T18:00:00","modified_gmt":"2022-05-24T15:00:00","slug":"snapchat-meta-and-google-shares-plummet-after-dire-economic-warning","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/snapchat-meta-and-google-shares-plummet-after-dire-economic-warning\/","title":{"rendered":"#Snapchat, Meta and Google shares plummet after dire economic warning"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c8839bf261\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c8839bf261\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/snapchat-meta-and-google-shares-plummet-after-dire-economic-warning\/#%E2%80%9CSnapchat_Meta_and_Google_shares_plummet_after_dire_economic_warning%E2%80%9D\" >&#8220;Snapchat, Meta and Google shares plummet after dire economic warning&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CSnapchat_Meta_and_Google_shares_plummet_after_dire_economic_warning%E2%80%9D\"><\/span>&#8220;Snapchat, Meta and Google shares plummet after dire economic warning&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Oh Snap!\u00a0<\/p>\n<p>Shares of Snapchat\u2019s parent nosedived 43% on Tuesday after the dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>earing-photos app sounded alarm bells about a slowing economy killing digital advertising revenue. <\/p>\n<p>\u201cThe macroeconomic environment has deteriorated further and faster than anticipated,\u201d Snap said in a Securities and Exchange Commission filing on Monday, adding that it\u2019s expecting lower revenue and profit for the second quarter.\u00a0<\/p>\n<p>Companies <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly pull back from advertising spending when the economy slows, translating to lower revenue for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> firms like Snap that rely on ad dollars. <\/p>\n<p>Snap\u2019s SOS spooked investors across social media and the tech sector more broadly. Shares of Facebook and Instagram parent Meta plummeted 7.6% to $181.28, while Google parent Alphabet notched a 5% loss to trade around $2,119.40. <\/p>\n<p>Pinterest, meanwhile, was down a whopping 23<strong>%<\/strong>\u00a0at $17.30.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/apps-stock-03.jpg?w=1024\" alt=\"Meta\" class=\"wp-image-22387548\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/apps-stock-03.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/apps-stock-03.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/apps-stock-03.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Meta shares fell 7.6% Tuesday. <\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cSnap is a proxy for online advertising and when you see weakness there then you automatically think Facebook, Pinterest and Google,\u201d said Dennis Dick, a trader at Bright Trading LLC in Las Vegas. \u201cOnce you start thinking about Google, that\u2019s when the markets starts to sell off.\u201d\u00a0<\/p>\n<p>Roughly $100 billion in total was wiped off tech stocks Tuesday. The tech-heavy Nasdaq Composite Index was down 2.4%.\u00a0<\/p>\n<p>Snapchat was one of many tech stocks that ballooned during the pandemic, trading as high as $83 in September. But the company\u2019s shares have plummeted more than 70% so far in 2022 and closed at $12.79 on Tuesday. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"616\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/Screen-Shot-2022-05-24-at-10.16.10-AM.png?w=1024\" alt=\"Snap\" class=\"wp-image-22387536\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/Screen-Shot-2022-05-24-at-10.16.10-AM.png 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/Screen-Shot-2022-05-24-at-10.16.10-AM.png?w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Snap is down more than 70% so far this year. <\/figcaption><\/figure>\n<p>Snap\u2019s struggles also dragged down shares of Twitter, which is battling with Elon Musk over his agreement to take over the company for $44 billion.\u00a0<\/p>\n<p>Twitter stock was down 5.2% at $35.88.\u00a0<\/p>\n<p>Since Musk has agreed to take the company private at $54.20 a share, Twitter\u2019s low stock means many investors believe that the deal will either fall through or Musk will negotiate a lower price.\u00a0<\/p>\n<p><em>With Post wires<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/24\/snapchat-meta-and-google-shares-plummet-after-dire-economic-warning\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Snapchat, Meta and Google shares plummet after dire economic warning&#8221; Oh Snap!\u00a0 Shares of Snapchat\u2019s parent nosedived 43% on Tuesday after the disappearing-photos app sounded alarm bells about a slowing economy killing digital advertising revenue. \u201cThe macroeconomic environment has deteriorated further and faster than anticipated,\u201d Snap said in a Securities and Exchange Commission filing on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":452529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/apps-stock-02.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[122306,129578,4974,26293,33423,71741,70360],"class_list":["post-452528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meta","tag-5-24-22","tag-facebook","tag-google","tag-instagram","tag-snapchat","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=452528"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/452529"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=452528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=452528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=452528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}