Snap Inc Stock Plummets 246% in Trading Volume Ranking 10th in Market Decline

On July 11, 2025, Snap Inc. (SNAP) experienced a significant decline, with its stock price dropping by 2.46% and its trading volume reaching $228 million, marking a 37.63% decrease from the previous day. This decline can be attributed to several factors, including the recent passage of the One Big Beautiful Bill Act, which includes provisions that could impact the company's operations and financial performance.

The One Big Beautiful Bill Act, passed by the Senate on July 1, 2025, and by the House on May 22, 2025, introduces several changes that could affect Snap's business. One of the key provisions is the expansion of work requirements for Supplemental Nutrition Assistance Program (SNAP) recipients, which could potentially reduce the number of eligible users for Snap's services. Additionally, the bill includes measures to limit the availability of the Standard Utility Allowance for determining SNAP income eligibility, which could further impact the company's user base.

Furthermore, the bill's provisions to increase the statutory debt limit and address agencies and programs throughout the federal government could lead to changes in government spending and priorities, potentially affecting Snap's ability to secure government contracts or receive funding for its initiatives. The bill also includes measures to reduce or increase spending for various federal programs, which could impact the overall economic environment and consumer spending, further affecting Snap's financial performance.

In addition to the legislative changes, Snap's stock price decline could also be attributed to broader market trends and investor sentiment. The company's recent financial performance and guidance may have raised concerns among investors, leading to a sell-off of its shares. Additionally, the overall market volatility and economic uncertainty could have contributed to the decline in Snap's stock price.