Snap Inc (NYSE: SNAP) closed at $7.71, down 8.21%, with trading volume spiking to about 260 million shares as investors reacted to a cautious analyst view on its ad business. Meanwhile, major indexes rose, with the S&P 500 increasing 0.41% and the Nasdaq Composite up 0.30%, despite declines for social media peers Meta Platforms Inc (down 1.21%) and Reddit Inc (down 4.95%).
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