Snap shares drop as company says it can't provide guidance due to macro uncertainties
1. Snap's Q1 revenue was $1.36 billion, narrowly beating expectations. 2. Shares dropped 14% post-earnings due to lack of forward guidance. 3. Daily active users increased to 460 million, exceeding analysts' forecasts. 4. Advertising demand concerns cited as reason for withholding second-quarter guidance. 5. Net loss narrowed to $140 million, signaling improved operational efficiency.