Snap's Stock Plunges Amid Revenue Miss and Global Headwinds

Snap Inc.'s disappointing quarterly results and forecast, along with repeated excuses, are being questioned as Meta Platforms and Alphabet continue to thrive in the internet ad market. Snap's slower growth rate and reliance on brand advertising are seen as weaknesses, especially in the face of conflicts impacting revenue growth. Analysts are concerned about Snap's ability to compete in the direct-response ad space and its overall scale and sophistication compared to larger rivals. Investors are now in a wait-and-see mode, hoping that Snap can turn things around in the increasingly competitive ad environment dominated by Meta and Alphabet.