The Latest Breaking News from SNAP

"Snap disaster likely pushes Musk one step closer to the door or lower deal price in eyes of Street," said Wedbush analyst Dan Ives.

Needham reduced WalkMe Ltd. (NASDAQ: WKME) price target from $40 to $20. WalkMe shares dropped 8.1% to close at $12.20 on Monday.

Monday's solid opening-week rally has given way to caution Tuesday as growth and inflation concerns pull investors away from global risk markets.

"Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated," Snap warned.

London (AFP) - Stock markets mostly retreated Tuesday on renewed concerns over weak global growth, with a profit warning from the owner of Snapchat spooking investors and further shocking the tech sector.

Stock futures slide on renewed growth worries; Snap plummets on profit warning, social media stocks tumble; Zoom shares surge after Q1 earnings beat, outlook boost; Nordstrom slips lower ahead of retail earnings parade and Exxon shareholders urged to split CEO, chairman role

Snap, Inc. (NYSE: SNAP) shares tumbled to a two-year low in after-hours trading on Monday after the Snapchat parent company warned that it may miss its second-quarter guidance.

Snap, Inc's (NYSE: SNAP) gloomy forecast revision is not an isolated event but a broader trend, according to Loup Funds Managing Partner Gene Munster.

The owner of Snapchat added to US economy concerns last night by warning that it will miss earnings forecasts for the current quarter.

Pinterest Inc (NYSE: PINS) shares are falling in Monday's after-hours session after Snap Inc (NYSE: SNAP) filed a Form 8-K with the U.S.

Meta Platforms Inc (NASDAQ: FB) shares are falling in Monday's after-hours session after fellow social media company Snap Inc (NYSE: SNAP) filed a Form 8-K with the U.S.