Meta, Pinterest drop amid fallout from Snap earnings decline
Wachiwit


Snap's (NYSE:SNAP) quarterly results are once again serving as a bellwether for Internet names exposed to advertising.
The online "camera company" is now down 14% after a report showing flat revenues in the fourth quarter, but hints that first-quarter sales might be headed for a fall of up to 10% year-over-year.

As it has over the past year, a bad report from Snap is weighing on sector peers. Meta Platforms (NASDAQ:META) is down 1.5% after hours, while Pinterest (NYSE:PINS) is down 1.9%.
Match Group (NASDAQ:MTCH) is down 7.6% postmarket, and Bumble (BMBL) is -2.6%.
Alphabet is lower, but it tends to be somewhat more insulated from its ad-facing peers: (GOOG) -0.4%; (GOOGL) -1.5%. Spotify (SPOT) is down 0.4% after posting a huge double-digit gain during the day off its own earnings.