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:
ps. Lovin' the after-hours bad news drop