(Bloomberg) — US social-media giants were poised to see more than $76 billion wiped off their stock-market values Friday after disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising.
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The Snapchat parent plummeted as much as 30% in premarket trading. Meanwhile, Facebook parent Meta Platforms Inc. fell 4.8%, Google owner Alphabet Inc. declined 2.8%, Twitter Inc. slipped 2.5% and Pinterest slumped 7.2%.
The losses mark the second…
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