How a deteriorating economy impacts D pic distribution activity is beyond me, then again thats not my demographic.

Nevertheless SNAP shares have been hit lower, a 20% drop or so. The firm says

  • macroeconomic environment has deteriorated further and faster than anticipated since its last guidance
  • now believes it will report revenue and adjusted EBITDA below low end of Q2 guidance range

SFW D pic:

d pic

ps. Lovin' the after-hours bad news drop