Is Snap Stock a Bad-News Buy?
Shares of Snap (NYSE: SNAP) tanked last week after the company's earnings report, which wasn't great. While Meta Platforms did well with ad revenue showing strength, that wasn't the case for Snap, which saw sales down on a year-over-year basis. Snap's revenue declined by 7% for the first three months of 2023, falling to $988.6 million.