Snap finds Wall Street in unforgiving mood after earnings miss knocks 30% off share price

Shares in Snap Inc (NYSE:SNAP) dropped 30% in after-hours trading after its Q4 revenue growth of just 5% to $1.36 billion fell short of Wall Street's $1.38 billion expectation, signaling a struggle in the digital advertising market. The company's challenges have been amplified by stiff competition from giants like Meta and the impact of Apple's privacy changes. Despite narrowing its net losses to $248 million from $288 million year-over-year and making strides in machine learning for advertising, Snap faces ...