"Snap's Stock Plunge: A Rollercoaster Ride of Highs and Lows"

Snap Inc.'s disappointing earnings report led to a 30% stock plunge, prompting analysts to criticize what they see as confusing investor behavior and a pattern of unrealistic expectations. Despite some signs of progress, concerns linger about Snap's competitive position, financial profile, and user growth. Analysts expressed doubts about the company's strategic shift and its ability to compete with larger rivals, leading to downgraded price targets and ratings.