📉🇨🇳📲 Snap Plunges 15% on Ad Slowdown Fears as Tariff Shock Hits Chinese E-Commerce Spend 🔹 Summary: Snap shares sank over 15% premarket after the company withheld forecasts and flagged a Q2 ad spending slowdown, driven by tariff-related uncertainty and reduced Chinese e-commerce budgets. The move comes ahead of Meta's earnings, heightening focus on digital ad health amid looming changes to U.S. trade policy. 🔹 Key Points: • Snap cited lower Q2 ad demand and held back guidance, sparking fears of a wider ad market pullback. • Temu and Shein slashed U.S. ad spend by over 50% across Snap, Meta, and Pinterest due to tariff changes. • Snap CFO linked the drop to the May 2 closure of the "de minimis" trade loophole for Chinese imports. • Snap's valuation could drop by $2B if losses persist; 17 brokerages cut price targets, median now at $10. • Analysts at Jefferies suggest Snap's cautious tone may not reflect broader market weakness. @CMEActiveTrader Tickers Of Interest: $NQ $ES Tickers Of Interest: $SNAP $META $PINS $GOOGL $USD $CNY $XRT $QQQ

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