ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/snap” target=”_blank”>Snap said on Tuesday it will not issue a formal second-quarter financial forecast citing ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/economic-uncertainty” target=”_blank”>economic uncertainty, as U.S. tariffs threaten to disrupt the global economy and digital ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/advertising-budgets” target=”_blank”>advertising budgets. The Snapchat parent faced challenges at the start of the current quarter, even as it continued to diversify both its advertiser base with small- and medium-sized businesses and its revenue sources with the growth of its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/subscription-service” target=”_blank”>subscription service.
Economic uncertainty could trigger an ad spending shift to bigger rivals such as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/facebook” target=”_blank”>Facebook and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/instagram” target=”_blank”>Instagram owner ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/meta” target=”_blank”>Meta…
