Film backdrop image for Snap shares plunge to new low (2017)

20172 minPGnews

Financial Markets Investment

Snap shares plunge to new low

20172 minPGnews

Snap's stock plunged 17 percent on Thursday as CEO Evan Spiegel defends company metrics.

Financial Markets Investment

Genres

Channel: Financial Times

Snap shares plunge to new low

2017• 2 minPG

Synopsis

Snap's stock plunged 17 percent on Thursday as CEO Evan Spiegel defends company metrics.

Synopsis

On Thursday, Snap's stock plunged as much as 17 percent, prompting concern among investors. Chief executive Evan Spiegel addresses analysts, asserting that they are focusing on the wrong metrics regarding the company's performance. Despite the significant drop in stock value, Spiegel maintains a defiant stance, indicating confidence in Snap's future. The situation unfolds as the Financial Times reports on the company's challenges and the broader implications for the tech industry. This event highlights the volatility of the market and the pressures faced by tech companies in a rapidly changing economic landscape.

Comments

What are people saying?

Play More Like This

GameStop: what it reveals about the US stockmarket (2021)

GameStop: what it reveals about the US stockmarket

GameStop's stock skyrockets due to Reddit's Wall Street Bets, challenging traditional investors.

GameStop: what it reveals about the US stockmarket

GameStop stock short squeeze: Reddit traders take GME on a wild ride I FT Film (2021)

GameStop stock short squeeze: Reddit traders take GME on a wild ride I FT Film

Retail investors on Reddit's WallStreetBets challenge hedge funds over GameStop stock.

GameStop stock short squeeze: Reddit traders take GME on a wild ride I FT Film

Apple: The Trillion Dollar Betrayal (2024)

Apple: The Trillion Dollar Betrayal

Apple became the first publicly traded company to reach a market cap of $1 trillion in 2018, but now faces multiple lawsuits and growing criticism.

Apple: The Trillion Dollar Betrayal

Why Meta Dropped 70% (2022)

Why Meta Dropped 70%

Meta's stock plummeted by 70% due to a combination of declining user engagement, increased competition, and challenges in monetizing its platforms.

Why Meta Dropped 70%

Companies at the Limit (2024)

Companies at the Limit

In 2018, Qantas reported a profit of $1.2 billion, a turnaround from a $2.7 billion loss in 2014, illustrating the challenges faced by companies in volatile markets.

Companies at the Limit

Samsung is in Crisis (2024)

Samsung is in Crisis

Samsung faces a significant crisis following a stock panic that resulted in a $122 billion loss, raising questions about the company's future.

Samsung is in Crisis

The Rise and Fall of Netflix (Investors Are Suing) (2022)

The Rise and Fall of Netflix (Investors Are Suing)

Netflix faces legal challenges from investors amid increasing competition in the streaming market, raising questions about its future viability.

The Rise and Fall of Netflix (Investors Are Suing)

The Boom-and-Bust Losers of the Internet Revolution (2018)

The Boom-and-Bust Losers of the Internet Revolution

The rise and fall of dot com companies highlights the fleeting nature of internet wealth, as many founders faced harsh realities after the market crash.

The Boom-and-Bust Losers of the Internet Revolution

Inside Pakistan's High-Stakes Gamble on Trump (2026)

Inside Pakistan's High-Stakes Gamble on Trump

Pakistan's diplomatic strategy, centered on cultivating ties with Donald Trump, positions the country as a key intermediary in the US-Israel conflict with Iran while seeking economic opportunities.

Inside Pakistan's High-Stakes Gamble on Trump

SpaceX listing shatters financial records (2026)

SpaceX listing shatters financial records

SpaceX's initial public offering, which opened at $150 per share, sets a record as the largest IPO in history, prompting analysis from finance experts.

SpaceX listing shatters financial records

Blue Gold Rush: The Global Pursuit of Water Wealth (2023)

Blue Gold Rush: The Global Pursuit of Water Wealth

70% of the Earth's pure water is used for human consumption, making it the most sought-after resource as financial institutions push for water markets.

Blue Gold Rush: The Global Pursuit of Water Wealth

Economy of the West (2025)

Economy of the West

Desar Molnar, a free spirit and inventor, works on his first flying car while surrounded by the remnants of a depleted Earth in 2047.

Economy of the West

Explore Snap shares plunge to new low

Where else to watch

The China Hustle (2018)

The China Hustle

2018•1h24m•★7.2TMDB

One-tenth of the reported revenues of Chinese firms listed on the US stock market were accurate, leading to billions in losses for American investors.

The China Hustle

Ghost Exchange (2013)

Ghost Exchange

2013•1h28m•★6.8TMDB

High-frequency trading accounts for over 70% of all stock trades in the US, raising concerns about market stability and the need for regulatory oversight.

The Big Squeeze (2021)

The Big Squeeze

2021•1h7m•★7.0TMDB

GameStop's stock price surged by over 1,700% in January 2021, triggering a chaotic response from hedge funds and impacting everyday investors.

The Big Squeeze

GameStop: The Wall Street Hijack (2021)

GameStop: The Wall Street Hijack

2021•47m•★6.0TMDB

A group of young day traders orchestrated a massive stock buy-up of GameStop, causing a dramatic shake-up in the stock market.

GameStop: The Wall Street Hijack

Twitter: Breaking the Bird (2025)

Twitter: Breaking the Bird

2025•11h28m•★8.0TMDB

Explore Twitter's meteoric rise and chaotic fall in this revealing series.

Twitter: Breaking the Bird

A Star of Greed (2016)

A Star of Greed

2016•1h23m•★5.0TMDB

In 1997, South Korea sought assistance from the International Monetary Fund, leading to significant economic restructuring and the opening of its financial markets.

A Star of Greed

Browse more like this

Apple: The Trillion Dollar Betrayal (2024)

Apple: The Trillion Dollar Betrayal

Apple became the first publicly traded company to reach a market cap of $1 trillion in 2018, but now faces multiple lawsuits and growing criticism.

Apple: The Trillion Dollar Betrayal

No digital watch option in your country

GameStopped (2021)

GameStopped

2021•53m•★6.3TMDB

Over 140% of GameStop's stock was sold short, leading to a dramatic surge in price and a clash between retail investors and hedge funds.

Stock Shock (2009)

Stock Shock

2009•1h12m•★4.0TMDB

Investors lost billions due to market manipulation and deceptive practices on Wall Street, leading to financial ruin for many.

1929: The Great Crash (2009)

1929: The Great Crash

2009•59m•★7.2TMDB

More than $25 billion in individual wealth vanished in six days during the October 1929 stock market crash, leading to the failure of three thousand banks.

1929: The Great Crash

Future June (2015)

Future June

2015•1h40m•★5.0TMDB

Four residents of São Paulo share their experiences during the three weeks leading up to the World Cup, revealing the city's social tensions.

Did COVID Leak From A Lab? (2021)

Did COVID Leak From A Lab?

The Wuhan Institute of Virology took down its database of over 22,000 samples, including the largest collection of bat coronaviruses, in September 2019.

Did COVID Leak From A Lab?

Is this your film?

If you made this film or hold the rights to it, we'd like to talk. We can license it and pay you a share of what it earns.

License it with us →