{"id":840387,"date":"2024-08-02T10:45:05","date_gmt":"2024-08-02T05:15:05","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840387"},"modified":"2024-08-02T10:45:05","modified_gmt":"2024-08-02T05:15:05","slug":"snap-forecasts-weak-revenue-as-big-rivals-threaten-growth-shares-slide","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/02\/snap-forecasts-weak-revenue-as-big-rivals-threaten-growth-shares-slide\/","title":{"rendered":"Snap forecasts weak revenue as big rivals threaten growth, shares slide"},"content":{"rendered":"<p>Snap forecast current-quarter results below expectations on Thursday as the Snapchat owner grapples with stiff competition from larger rivals for advertising dollars in an uncertain economy, sending its shares down 18% after-market.<\/p>\n<p>Its biggest competitors &#8211; Facebook and Instagram parent Meta Platforms and Bytedance&#8217;s TikTok &#8211; far outrank it in terms of scale and established advertiser relationships.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Snap forecast current-quarter results below expectations on Thursday as the Snapchat owner grapples with stiff competition from larger rivals for advertising dollars in an uncertain economy, sending its shares down 18% after-market. Its biggest competitors &#8211; Facebook and Instagram parent Meta Platforms and Bytedance&#8217;s TikTok &#8211; far outrank it in terms of scale and established advertiser relationships.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-840387","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840387"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840387\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}