$Snap Inc (SNAP.US)$ The maker of the Snapchat app is facing rising inflation and interest rates, supply chain shortages, labor disruptions and platform policy changes like Apple’s iPhone privacy feature, according to Spiegel. There’s also a negative impact from the war in Ukraine.
In order to manage expenses，Spiegel said Snap will continue to recruit new employees, but will slow its pace of hiring for the rest of the year. He still expects Snap to hire 500 new employees before the end of the yea...

$Snap Inc (SNAP.US)$ 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.

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