Shares of Snapchat's parent fell more than 14% in after-hours trading after it said sales this quarter are likely to drop
Snapchat’s parent company is struggling to revive growth with the digital advertising market in upheavalNoam Galai/Getty Images for Snap Inc.Snap Inc. warned sales in the current quarter are likely to drop after revenue growth stalled in the final three months of last year, illustrating the difficult market conditions social-media companies are having to navigate.
The Snapchat parent said it generated $1.3 billion in sales in the fourth quarter, roughly flat from the year-earlier period and broadly in line with Wall Street’s expectations. The growth figure was the lowest for Snap since
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