Snap Shares Plummet Post-Earnings
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minimis tariff exemptionFortune
•Technology
Technology
Snap stock craters after it reveals an $800 tariff loophole could endanger more than $1 billion in ad revenue

81% Informative
Social media platform Snap shares plummeted as much as 16.9% on Wednesday .
The company cited potential advertising troubles once the de minimis tariff exemption closes in its earnings report.
The exemption allows goods valued at less than $800 to enter the U.S. duty-free.
Chinese companies that benefit from the exemption have already raised their prices.
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