Snap Inc.
Snap stunned tech investors with a warning on Monday. Snapchat’s creator said its second-quarter revenue and adjusted pretax earnings will be less than expected, as the social-media company feels the brunt of the disruptions in the digital advertising market. Worries of a slowdown in online advertising spread to other tech stocks, weighing on shares of Meta Platforms Inc. and Alphabet Inc. Snap shares fell 43% on Tuesday.