Snap stock craters after it reveals an $800 loophole could endanger more than $1 billion in ad revenue

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A ban on de minimis exemptions will go into effect Friday and allows imports under $800 to be duty-free.

Meta fell slightly, losing less than 1% Wednesday, while Microsoft gained 0.31% on the day.

Snap declined Fortune’s request for additional comment.

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Article Details

Author / Journalist: Stuart Dyos

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Snapchat China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 21:34:09 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 95 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28303706

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 47 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

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Publisher ID: #95

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