$Snap Inc(SNAP)$
My guess is reduced revenue from advertising, partly caused by restrictions in taking users online as well as economy not doing well in general. When economy is not doing well, a lot of companies will face falling revenues. When that happens, one of the easiest ways to cut cost would be to cut down on advertising. When the demand for advertising goes down, my guess is social media companies will take the biggest hit as their revenues are largely derived from advertising. Hence, Snap snapped.
Pardon my pun lol.
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