News Formal

What Snap’s Revenue Warning May Mean for Media Companies and Advertising

  • 📰 THR
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

The likes of Roku, Paramount's Pluto TV and Fox's Tubi could be 'hardest hit initially,' says one Wall Street expert. And a digital ad expert argues, 'the read-through is most negative for Twitter.'

update, some media analysts are assessing the potential advertising impact on other sector players.

Wells Fargo’s Steven Cahall in a Tuesday report offered up “helpful quick data points as investors look to react to a fast-changing environment.” He started by summarizing “what we learned in the 2020 ad recession,” explaining: “During the early days of COVID-19, digital ad spend snapped down quickest, with local TV and radio following shortly after.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm just here to promote my podcast show

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Snap’s warning of a weaker outlook sends ripples through tech stocksSnap stock tumbles 30% after warning about deteriorating economy, sending other tech stocks falling. Is Snap the canary in the coal mine?
Source: MarketWatch - 🏆 3. / 97 Read more »