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Snap is grappling with macroeconomic headwinds.
Snap (SNAP 0.98%) reported a year-over-year decrease in revenue in its latest earnings report. Finance professor and Fool.com contributor Parkev Tatevosian elaborates on the severity of Snap's stock price decline following the financial release.
*Stock prices used were the afternoon prices of April 29, 2023. The video was published on May. 1, 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 fool.com/parkev, 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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