Snap Stock Drops 15% Amid Disappointing Q2 Earnings
Snap's stock dropped nearly 19% after disappointing Q2 earnings due to issues in its advertising platform and revenue metrics, despite user growth and optimistic future guidance. The company faces stiff competition and technical challenges but is investing in AI and subscription services to stay competitive. Its stock has declined 12% year-to-date, with the latest drop being its worst in over a year.
