“Echoing Snap's earlier warning about the potential impact of the Israel – Hamas War, Li also said, “While we don't have material direct revenue exposure to Israel in the Middle East, we have observed softer ad spend in the beginning of the fourth quarter, correlating with the start of the conflict, which is captured in our q4 revenue outlook.”
It looks like this one statement and Reality Labs drove stock into oblivion. From a high of 316 during before the call started.
Seeing how google dropped even further after the day began
Unless $AMZN results are perfect coupled with the Fintech space contraction from earlier today.
It's probably gonna be blood bat with institutional investors being spooked.
Israel needs to end this campaign quickly so the world can get back to normalcy
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