Snap Stock Crash Is an Opportunity, But Not the Kind You Might Think

By Neil Rozenbaum – May 25, 2022 at 11:00AM

NYSE: SNAP

Snap

Market Cap

$19B

Today's Change

(6.70%) $0.73

Current Price

$11.63

Price as of April 18, 2024, 4:00 p.m. ET

Snap's revised lowered guidance and warning took every digital advertising company down with it.

In this video, I will be talking about why the market crash after Snap's (SNAP 6.70%) lowered Q2 guidance makes no sense and why you should be looking for bargains. Digital advertising and social media companies like Pinterest (PINS 0.43%), Roku (ROKU 1.91%), Trade Desk (TTD 0.85%), Facebook (META 1.54%), and Pubmatic (PUBM -0.14%) crashed hard Tuesday, May 24.

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*Stock prices used were the closing prices of May 24, 2022. The video was published on May 25, 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. Neil Rozenbaum has positions in Meta Platforms, Inc., Roku, Pinterest, and The Trade Desk. The Motley Fool has positions in and recommends Meta Platforms, Inc., Pinterest, PubMatic, Inc., Roku, and The Trade Desk. The Motley Fool has a disclosure policy. Neil 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.