Did Snapchat Break the Market?

By Jose Najarro – May 25, 2022 at 7:00AM

NYSE: SNAP

Snap

Market Cap

$18B

Today's Change

(-2.72%) -$0.31

Current Price

$11.08

Price as of April 24, 2024, 4:00 p.m. ET

About a month after reporting earnings, Snapchat is warning it might not meet guidance.

Today's video focuses on Snap (SNAP -2.72%) and how it recently informed investors that it might report revenue below the low end of its Q2 2022 guidance range. Jose Najarro also discusses how this triggered a sell-off in other ad-tech companies. Meta Platforms (META -0.52%), Roku (ROKU 0.15%), and The Trade Desk (TTD 3.35%) are trading much lower today. Even though the market looks dark (or red), there might be some good news for long-term investors.

*Stock prices used were the market prices of May 24, 2022. The video was published on May 24, 2022.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jose Najarro has positions in Meta Platforms, Inc., Roku, and Snap Inc. The Motley Fool has positions in and recommends Meta Platforms, Inc., Roku, and The Trade Desk. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.