Oh Snap! Social media stocks lose billions after Snapchat parent warning

The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout.

Oh Snap! Social media stocks lose billions after Snapchat parent warning
The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout.