The Snap stock price could drop even further following the December quarter results, which mark a slowdown from the 57% revenue surge it recorded in Q3 and the 116% leap in Q2. In comparison, shares in its rivals Facebook and Google’s parent company Alphabet have risen 21.2% and 48.1%, respectively, over the same period. Though it has since risen to reach around $34 at the pre-market on 2 February, the Snapchat stock price has dropped 36.4% in the past 12 months. The Snap stock price has had a difficult start to 2022, reaching a 52-week low of $28.02 on 24 January. The iOS changes and supply chain issues have weighed on the Snapchat share price, which has also faced headwinds due to the switch in the market from growth to value amid concerns of higher inflation and potential interest rate hikes. SNAP Chart by TradingView Snap stocks were under pressure
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