DJ / Market Watch have an opinion piece asking the question:
- More bad news ahead? Snap could be the canary in the coal mine for the broader internet sector
Some snippets from the article:
- The comments by Snap could be an indication of further deterioration in the internet sector, with an overall internet advertising slowdown as the macro economy slows.
A handful of tech giants have talked in recent weeks about cutting spending and even some jobs amid the changing environment
Snap’s comments could conceivably also have an impact on the ongoing soap opera over Musk’s deal to buy Twitter for $54.20 a share