Snap (SNAP) is getting hammered. Shares of the social media/camera company, which were trading as high as $83.11 in September 2021, have since plunged amid rising inflation, the war in Ukraine, and Apple’s privacy changes.
Shares of Snap collapsed a stunning 74.5% year-to-date as of Monday, falling to $12 ahead of the close of markets in New York.
Snap suggested the pain could continue, warning in a Securities and Exchange Commission filing last month that it will likely fall short of its Q2…
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