Snap's Trading Volume Plummets 49.65% to 159th Rank as Advertising Slowdown Fears Grow

On May 1, 2025, Snap's trading volume reached $591 million, a significant drop of 49.65% from the previous day, placing it at the 159th position in the day's stock market rankings. Snap's stock price fell by 1.63%, marking the second consecutive day of decline, with a total decrease of 13.86% over the past two days.

Snap, the parent company of Snapchat, reported a slowdown in advertising spending for the second quarter. This development has raised concerns about the impact of tariffs on advertising budgets, leading to a cautious outlook for the company's financial performance.

Snap's decision to withdraw its quarterly forecast has intensified fears of an advertising slowdown. The company cited economic uncertainties, particularly those related to tariffs, as the primary reason for this move. This announcement has contributed to the recent volatility in Snap's stock price, as investors reassess the company's prospects in the face of these challenges.