Rising inflation is a pain. Companies will need to look for ways to cut costs to maintain profitability. Quickest way to do it is to cut their advertising budget, probably followed by welfare or even headcount. Social media companies like Snap depends heavily on advertising for their revenue and will be hit very hard.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments