CNBC headline: Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring
PUBLISHED THU, JUL 21 20224:12 PM EDTUPDATED THU, JUL 21 20226:22 PM EDT
@JONATHANVANIAN
https://www.cnbc.com/2022/07/21/snap-earnings-q2-2022.html
$SNAP missed on the top and bottom lines in its second-quarter earnings report.
The company authorized a stock repurchasing program of up to $500 million.
Snap said it plans to “substantially slow our rate of hiring, as well as the rate of operating expense growth.”