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Oct. 22, 2021, 5:50 a.m. EDT

Facebook and other internet stocks under pressure after Snap gloom

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By Barbara Kollmeyer

Internet stocks were under pressure in premarket trading on Friday, dragged lower by Snap /zigman2/quotes/205087158/composite SNAP -2.54% , after the owner of social media app Snapchat said privacy changes imposed by Apple were weighing on digital advertising and would hurt the holiday quarter to come. Shares of Snap fell 20% in premarket trading slumping after results late Thursday. That put the stock on track to open at a three-month low. Other companies that rely on digital ads were under pressure in premarket trading, including Facebook /zigman2/quotes/205064656/composite FB -4.01% down more than 3%, with Etsy /zigman2/quotes/202790087/composite ETSY -2.45% , Shopify, Stitch Fix and Pinterest all off by 1% or more.

/zigman2/quotes/205087158/composite
US : U.S.: NYSE
$ 47.61
-1.24 -2.54%
Volume: 25.69M
Nov. 30, 2021 4:05p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$78.64 billion
Rev. per Employee
$648,881
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 324.46
-13.57 -4.01%
Volume: 25.29M
Nov. 30, 2021 4:00p
P/E Ratio
23.17
Dividend Yield
N/A
Market Cap
$940.32 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/202790087/composite
US : U.S.: Nasdaq
$ 274.58
-6.90 -2.45%
Volume: 4.01M
Nov. 30, 2021 4:00p
P/E Ratio
81.02
Dividend Yield
N/A
Market Cap
$35.69 billion
Rev. per Employee
$1.22M
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