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Snap sets off alarm bells in ad-reliant social media sector

Por: Fox Business Tech October 21, 2022

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Tech analyst Pete Pachal discusses Snapchat and its plan to lay off 20% of its workforce as they prepare to launch their ad-supported subscription tier on ‘Mornings with Maria.’ Snap Inc shares sank more than 30% on Friday and hit their lowest since the pandemic, after the company's forecast of zero revenue growth pointed to more pain ahead for a social media sector heavily dependent on digital advertising. and Pinterest Inc fell... + full article



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