Why Snap Shares Fell Today

Key Points OpenAI unveiled its new social video app, Sora. It could add competitive pressure to Snap, which is still losing money on a GAAP basis. A bad consumer sentiment reading is also weighing on shares. 10 stocks we like better than Snap › Shares of social media short-form video app Snap (NYSE: SNAP) are falling on Tuesday, having declined 9.2% at 3:08 p.m. ET. Snap fell along with most other consumer discretionary stocks today, after September consumer sentiment readings came in lower than ...