Snap stock craters after it reveals an $800 loophole could endanger more than $1 billion in ad revenue

fortune.com/article/snap-snapchat-tariffs-de-minimis-stock-sold-off-shein-temu-china-trade

Snap shares sold off Wednesday after the company cited potential advertising troubles once the de minimis exemption closes in its earnings report. Although the company posted a 14% increase in total revenue, the company yanked its second quarter guidance due to an uncertain macroeconomic…

This story appeared on fortune.com, 2025-04-30 21:34:09.
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