Technology

Snap CEO tells employees the company will miss revenue and earnings estimates as its growth weakens, and it plans to slow hiring; stock drops 29%+ after hours (CNBC)

Photo of Grace Will Grace Will May 23, 2022
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CNBC:

Snap CEO tells employees the company will miss revenue and earnings estimates as its growth weakens, and it plans to slow hiring; stock drops 29%+ after hours  —  – Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.



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