Snap Continues Sliding; Disney and AMD Sink
On this episode of Stock Movers:- Snap (SNAP) shares are continuing their slide after the company reported a slowdown in advertising revenue growth due to a technical issue with its ad-buying tools. The company's ad revenue growth rate slowed to 3% to 4% from 9% in the first quarter, and revenue in the June quarter was affected by an update that allowed marketers to buy ads at reduced prices. Snap forecast overall sales in the current period that will likely be higher than analysts projected, and reported growth in its subscription business, with Snapchat+ reaching almost 16 million paying…
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