Snap said the digital ad market is drying up. Shares of the company plunged ~27% in late trading after it posted its slowest revenue growth since going public. It doesn’t expect things to improve going forward, which is an ominous sign for bigger companies that depend on ad revenue, like Meta and Alphabet. Even before yesterday’s nosedive, Snap shares had fallen more than 85% in the past year.
@Madken65 I hope I live to see it (again -- first bubble survivor)