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Supply-chain woes hitting social media as firms cut back on holiday advertising, says Snap

October 22, 2021 8:00 AM

SAN FRANCISCO (BLOOMBERG) – Snap warned on Thursday (Oct 21) that supply-chain bottlenecks are prompting companies to hold back online advertising spending for the looming holiday season, sending shares of larger rivals Google’s parent Alphabet, Facebook and Twitter tumbling.

Source : http://www.straitstimes.com/business/companies-markets/supply-chain-woes-hitting-social-media-as-firms-cut-back-on-holiday

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