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FILE - The logo for Snap Inc. appears above a post on the floor of the New York Stock Exchange, Feb. 5, 2020. Social media companies are having a tough go of it so far in 2022 as Snap issued a profit warning due to current economic conditions. Snap Inc., the parent of Snapchat, disclosed in a regulatory filing on Monday, May 23, 2022 that ever since it provided its outlook for the second quarter last month, “the macroeconomic environment has deteriorated further and faster than anticipated.” (AP Photo/Richard Drew, file)

FILE - The logo for Snap Inc. appears above a post on the floor of the New York Stock Exchange, Feb. 5, 2020. Social media companies are having a tough go of it so far in 2022 as Snap issued a profit warning due to current economic conditions. Snap Inc., the parent of Snapchat, disclosed in a regulatory filing on Monday, May 23, 2022 that ever since it provided its outlook for the second quarter last month, “the macroeconomic environment has deteriorated further and faster than anticipated.” (AP Photo/Richard Drew, file)

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