More Drama from Snap

More Drama from Snap Snap has earned a reputation for dramatic earnings. Three months ago, shares of the Snapchat parent fell 39% the day after the company reported results. Two quarters before that the stock soared 59%. Out of Snap's last 20 earnings reports, the stock has moved at least 10% on 13 occasions, according to data from FactSet. The fireworks continued tonight after Snap reported a third-quarter loss of $360 million on a revenue gain of just 6%. That's a sharp slowdown for Snap, which until this summer was regularly growing quarterly revenue by 40% or more. More troubling is that the company said revenue would be roughly flat in the fourth quarter. Shares tumbled 25% in after hours trading.  Other social media stocks were falling on the news, as well. Facebook parent Meta Platforms was down 4%, while Pinterest was off 7%.  Meta is scheduled to report next Wednesday, with Pinterest earnings set for Thursday. Their reports will be part of a banner week of tech earnings.  Connor Smith has more on Snap's results here.