Tiger Newspress2022-07-22
Advertising-focused social media names are falling in morning trading Friday alongside a disappointing report from Snap, just as they did when Snap's dire economic warning earlier this year suggested it would fall short ofrevenue expectations.
Snap is down 35%. Pinterest fall 11%. Meta Platforms, a fellow ad-focused online power, is down 5%. Meta's "ad duopoly" counterpart Alphabet is down not quite as much: (NASDAQ:GOOG)-1.9%; (GOOGL)-2%.
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