Shares of Snap, which owns Snapchat, plunged as much as 25% in after-hours trading following the company's earnings report Thursday. The report warned that its revenues had been affected by changes to advertising metrics on iPhones.
Snapchat's parent company crossed $1 billion in quarterly revenue for the first time ever, but worse-than-expected earnings and a forecast of more headwinds to come led its stock to crash on Thursday.
Shares of Snap , which owns the popular photo and video app, plunged as much as 25% in after-hours trading following the company's earnings report Thursday. The report warned that its revenues had been affected by changes to advertising metrics on iPhones.
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