$Snap Inc (SNAP.US)$ Snap plunges 30% after CEO warns compan...

$Snap Inc (SNAP.US)$ Snap plunges 30% after CEO warns company will miss revenue and earnings estimates, slow hiring. As of Monday’s close, Snap shares were down over 50% for the year, compared to the 17% drop for the S&P 500. After hours, the stock dropped 28% to $16.15. Should it fall more than 26.6% on Tuesday, it would be the worst day for the stock since the company went public in 2017.
This content is taken from CNBC.