Social-media names slip on Snap's latest stumble
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Social-media stock stalwarts are slipping in the wake of Snap's (NYSE:SNAP) most disappointing revenue growth rate ever.
Snap posted 6% sales growth as it wrestled with the well-documented ad-industry recession, its worst quarterly growth number and short of 6.4% expectations. The stock is now down 22.7% after hours.

At least in 2022, when Snap sneezes, social media (similarly dependent on the overall ad ecosystem) catches a cold. Alphabet is down postmarket Thursday: (NASDAQ:GOOG) -2.5%, (GOOGL) -2.6%. Meta Platforms (NASDAQ:META) is taking it worse, down 5%.
Twitter (NYSE:TWTR), meanwhile - which has been enjoying some stock gains as Elon Musk's $54.20/share deal looks closer to reality than ever - is down just 0.04% so far.
Pinterest (PINS) often sees higher moves (in either direction) than its ad-exposed peers, and its stock is down 8% after hours.