{"id":82102,"date":"2022-07-22T00:09:05","date_gmt":"2022-07-22T04:09:05","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82102"},"modified":"2022-07-21T20:42:48","modified_gmt":"2022-07-22T00:42:48","slug":"snap-shares-plunge-25-on-disappointing-second-quarter-results-and-plans-to-slow-hiring","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/snap-shares-plunge-25-on-disappointing-second-quarter-results-and-plans-to-slow-hiring.html","title":{"rendered":"Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/SNAP\" target=\"_blank\">Snap<\/a> shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing <a rel=\"noreferrer noopener\" href=\"https:\/\/s25.q4cdn.com\/442043304\/files\/doc_financials\/2022\/q2\/Snap-Inc.-Q2-2022-Earnings-Release-vF.pdf\" target=\"_blank\">second-quarter results<\/a> and said it plans to slow hiring as it reckons with weakening revenue growth. Co-founders Evan Spiegel, the CEO, and technology chief Bobby Murphy agreed to new employment contracts that will keep them in their jobs through at least January 2027.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/21\/snap-earnings-q2-2022.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing second-quarter results and said it plans to slow hiring as it reckons with weakening revenue growth. Co-founders Evan Spiegel, the CEO, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82102","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82102"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82102\/revisions"}],"predecessor-version":[{"id":82103,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82102\/revisions\/82103"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}