Snap‘s (SNAP -28.08%) stock crashed more than 20% on the day following its earnings announcement. The social media company is grappling with policy changes by Apple (AAPL 2.71%) that make it harder for it to sell targeted advertising.
Stock prices used were the afternoon prices of Oct. 20, 2022. The video was published on Oct. 22, 2022.
Parkev Tatevosian has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy.
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