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Shares of Google and Facebook Owners Drop after Snap Warning

The shares of companies selling internet ads dropped after Snap Inc. warned of no revenues in the holiday quarter.

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Shares of Google and Facebook Owners Drop after Snap Warning

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  1. Shares of Google and Facebook Owners Drop after Snap Warning Shares of companies selling digital ads, like Alphabet and Meta, dropped after Snap, the owner of Snapchat, announced it was seeing the slowest growth in its revenue since five years when it went public. Snap Inc. mentioned inflation as the reason behind this slower growth in revenue. Snap Inc. released figures on its earnings for the September quarter as the first big social media establishment to do so. The company’s stock tumbled 25% after the result was out, and Snap warned that revenues wouldn’t come in the holiday quarter. You can read the full content: https://businessupside.com/2022/10/21/shares-of-google-and- facebook-owners-drop-after-snap-warning/ -------------------------- Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us:

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