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Snap's slowing ad growth raises fears of tech inflation

Snap’s slowing ad growth raises fears of tech inflation

Oct 20 (Reuters) – Snap Inc (SNAP.N) forecast no revenue growth in the usually busy holiday quarter on Thursday, sending a warning signal that rising inflation and the war in Ukraine could hurt other tech companies dependent on ad revenue. Snap shares fell 27% in after-hours trading. The owner of photo messaging app Snapchat is …

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