Snap’s Spaghetti Strategy Is Cause for Concern

Snap’s abysmal financial forecast for the current quarter continued the company’s string of rough news. While the social media company said revenues in the fourth quarter were largely flat from a year earlier, it warned that business is going to get worse. 

“Our internal forecast assumes revenue will be between -10% to -2% year-over-year in Q1,” the company wrote in its investor letter. Ouch.