Snap forecasts quarterly revenue below estimates as ad competition hurts

Core Viewpoint - Snap has forecasted first-quarter revenue below Wall Street estimates, indicating increased competition for digital advertising from larger rivals like Meta-owned Facebook and Instagram [1] Group 1 - Snap's revenue forecast for the first quarter is lower than expected, reflecting challenges in the digital advertising market [1] - The competition for digital advertising dollars is intensifying, particularly from major players such as Facebook and Instagram [1]