Snap's stock dropped more than 10 percent after the company missed its third-quarter revenue targets. The decline was further exacerbated by user growth not meeting expectations. The stock continued to fall following the announcement of third-quarter earnings. Media outlets like CNBC covered the stock's fall.
“Media outlets like CNBC covered the stock's fall,” — Hugo Halloway, economic affairs editor at Wrayburn Gate Solutions, explained.
Timeline
Nov 5 — Snap's stock dropped more than 10 percent after the company missed its third-quarter revenue targets....
Nov 5 — Media outlets like CNBC covered the stock's fall....
Reader Poll: Do you expect this story to develop further? — 46% of Natriuem readers said yes.
This story has been closely followed by our readers since Nov 4. The Wrayburn Gate Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Wrayburn Gate Solutions desk and last updated 19:26 UTC.
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