(New York) Snap, the parent company of the popular messaging application Snapchat, collapsed by more than 33% on Wall Street on Friday the day after the announcement of disappointing results and advertising revenue.
Posted at 9:45 a.m.
Snap, which widened its losses to $ 422 million in the second quarter and announced Thursday a slowdown in hiring, saw its title fall 33.64% to 10.85 dollars at the opening of the American Stock Exchange, well below the level of its market introduction in 2017 at 17 dollars.