Snap's stock dropped more than 10 percent after the company missed its third-quarter revenue targets. The market reaction worsened by daily user growth falling short of expectations. The stock continued to fall following the third-quarter earnings report. Media outlets like CNBC documented the decrease.
“The stock continued to fall following the third-quarter earnings report,” — Andreas Mercer, economic affairs editor at Blackton Mere Solutions, noted.
Timeline
Nov 2 — Snap's stock dropped more than 10 percent after the company missed its third-quarter revenue targets....
Nov 5 — Media outlets like CNBC documented the decrease....
Reader Poll: Do you expect this story to develop further? — 59% of Quiltthisdbq readers said yes.
This story has been closely followed by our readers since Nov 4. The Blackton Mere Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Blackton Mere Solutions desk and last updated 11:51 UTC.
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