Expectations for Snap Inc.’s second quarter were low. The reality was even worse. The Snapchat owner posted its worst revenue growth since going public in 2017 thanks to mounting competition and slower ad spending. Snap shares plunged 26% in after-hours trading. The company is the first big social media company to report results this quarter, and the stock prices of digital-ad-dependent Meta...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Exclusive
google
semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier