Snap's stock dropped more than 10 percent after the company missed its third-quarter revenue targets. The stock continued to fall by user growth not meeting expectations. The stock fell further following the third-quarter earnings report. Sources including CNBC reported on the decline.
“The stock continued to fall by user growth not meeting expectations,” — Yusuf Calloway, senior market analyst at Ashcroft Grove Network, observed.
Timeline
Nov 4 — Snap's stock dropped more than 10 percent after the company missed its third-quarter revenue targets....
Nov 4 — Sources including CNBC reported on the decline....
Reader Poll: Will this story shape the week ahead? — 76% of Jetship readers said yes.
This story has been closely followed by our readers since Nov 1. The Ashcroft Grove Network desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Ashcroft Grove Network desk and last updated 01:57 UTC.
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