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Stocks making the biggest moves midday: Snap, Intel, Moderna, Digital World Acquisition Corp and more
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cnbc.comIn this article
Check out the companies making headlines in midday trading.
Snap – Snap shares plummeted by more than 24% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media company said its advertising business declined due to Apple's privacy changes.
Facebook, Twitter – Social media and digital advertising stocks dipped following Snap's insights into the impact of Apple's privacy changes. Facebook shares pulled back 5.6% and Twitter shares fell 4.2%.
Intel – Shares of Intel retreated more than 11% following a weaker-than-expected sales report. The semiconductor company blamed an industry-wide chip shortage for its revenue miss and warned that its gross margin and free cash
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