The pain train was in full effect Tuesday, and for those who may have missed it Monday evening…

Snap Inc., the parent company of social media app Snapchat announced that they would not be meeting their revenue targets and adjusted earnings for Q2. This news sent shares plummeting over 40% in already beaten-down stock dragging entire market down with it on Tuesday morning. SNAP has dropped by more than 75% in the last year, and by more than 60% in the last three months alone.

Sure, Snapchat missed its sales forecast, but did you notice what happened to Meta Platforms Inc. (Nasdaq: FB) as well?

Down 10%…

Read more about what Jeff Zananiri has to say about the economic implications of Snapchat missing its revenue target on the WealthPress Blog.