Oh, Snap, There Goes Social’s Online-Ad Biz
Investors knew that the world wasn’t clicking for online advertisers right now. In a snap on Monday night, they grasped how dire the situation might be.
Nearly every major player in the sector reported a notable slowdown in advertising revenue growth during the recent first-quarter earnings season. All but one actually missed Wall Street’s targets for that category as well. Then, in a surprise announcement,
Snap Inc.,
SNAP -40.36%
the…