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Why Snap Stock Got Smashed Today

Why Snap Stock Got Smashed Today

Shares of Snapchat's parent company, Snap (NYSE: SNAP), got smashed on Friday after the company reported financial results for the first quarter of 2022. At 11:15 a.m. ET, Snap stock was down 19%. In Q1, Snap had 383 million daily active users, which was an encouraging 15% year-over-year increase.