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Snap Reports Gloomy Earnings, Forecasts Revenue Drop of 10%

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Feb 1, 2023

Snap Reports Gloomy Earnings, Forecasts Revenue Drop of 10%

Snap, the parent company of the popular Snapchat social media app, recently reported disappointing fourth-quarter earnings due to ongoing issues with digital ads. The company also forecasted a drop in revenue of up to 10 percent for the upcoming quarter.

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