The social media company faced headwinds in 2022 that are not likely to go away in 2023.
Snap's (SNAP 6.70%) revenue growth decelerated considerably as marketers pulled back spending. I will determine whether Snap's stock is a buy in this video.
*Stock prices used were the afternoon prices of Jan. 6, 2023. The video was published on Jan. 8, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian 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.
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