Snap’s stock crash on Friday after a dismal second-quarter earnings report and brutal call is well warranted, one analyst explained to Yahoo Finance.
“I feel like the company is going through a near-death experience,” MKM Partners Analyst Rohit Kulkarni said on Yahoo Finance Live (video above). “It’s macroeconomic, Apple and TikTok on top of that customer concentration.”
Despite an awful first quarter that did its part to reset investor growth expectations in the current environment, Snap’s…
Source link
