"Snap Stock Plunges 30% After Disappointing Q4 Earnings Report"

Snap's stock plummeted over 30 percent in after-hours trading after the company's first-quarter guidance fell short of analyst expectations, despite reporting a 5 percent increase in revenue for the fourth quarter. The company's larger-than-expected estimated losses for the first quarter raised concerns that it was spending more aggressively than anticipated, especially in comparison to Meta's strong performance in the same period. Snap's revenue for the fourth quarter was $1.36 billion, slightly below Wall Street projections, while net losses narrowed. CEO Evan Spiegel emphasized the company's focus on adding value to its community and evolving for long-term growth.