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Benzinga
Benzinga
Business
Adam Eckert

FORGOTTEN HISTORY: Why snap shares are plunging after hours - The Untold Story

SNAP SEC Snap Inc

Snap Inc (NYSE:SNAP) shares are falling in Monday's after-hours session after the company filed a Form 8-K with the U.S. Securities and Exchange Commission showing it expects to miss its previously-issued guidance.

"The macroeconomic environment has deteriorated further and faster than anticipated," Snap said in the filing. As a result, the company now expects to report second-quarter revenue and adjusted EBITDA "below the low end" of its guidance range. 

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