Snap News - May 7, 2026
🔴 SNAP drops 4.5% despite Q1 earnings beat, weighed down by weak guidance and cancelled AI deal
Shares of Snap are trading at $5.83 (-4.5%) despite the company reporting a beat on Q1 revenue and earnings. The stock is under pressure due to significant...
Snap Beat Every Q1 Number That Mattered — So Why Are Investors Running for the Exit?
Shares of Snap Inc. plunged 8.8% in pre-market trading to $5.57 on May 7, deepening a post-earnings selloff that began the prior evening. The quarterly...
🔴 SNAP is trading 9% down today on workforce cuts and profitability pivot
SNAP is trading at $5.57 (-8.8%) in pre-market as investors digest a Q1 earnings report that signaled a major restructuring and profitability pivot. • The...
🔴 SNAP is trading 9% down on slowing user growth in key markets and ended Perplexity deal
SNAP is trading at $5.57 (-8.8%) in pre-market, extending its after-hours drop from yesterday's close of $6.11 as investors digest its Q1 2026 earnings...
Snap warns of revenue hit, citing Middle East conflict and slowing growth
Snap Inc. expects the Middle East conflict to reduce its advertising revenue. Geopolitical instability in the region creates a significant risk to the...