Shares of Snap Inc. (NYSE: SNAP) were falling fast today on no company-specific news. Instead, the social media stock was tumbling in response to broader market declines as investors ramped up their fears of a potential recession. As a result, Snap's share price fell 6.5% as of 3:55 p.m. EST.
Meta Platforms (META) introduces age verification to Facebook dating U.S. to protect children from unwanted attention.
(Bloomberg) -- Investors in Snap Inc., one of the smaller social media networks, may be among the biggest beneficiaries of Twitter’s loss of advertisers. Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernWall Street Goes Risk Off as Bank CEOs Sound Alarm: Markets WrapEx-Deutsche Bank Trader Builds $6 Billion Fortune on Trading BoomThird Russian Airfield Hit by Drone as Moscow Accuses UkraineMiami’s Crypto Scene Partied Through Art Basel Like FTX Never