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Spiros Segalas Comments on Snap

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Jan 19, 2022
Summary
  • A top detractor.
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Snap (

SNAP, Financial) detracted from Fund performance. Despite posting 57% year-over-year revenue growth during the third quarter, Snap conveyed weaker-than-expected guidance for the first quarter of 2022, generating concerns among investors that recent privacy changes in the Apple App Store may continue to affect Snap’s advertising revenues.

From

Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund fourth-quarter 2021 commentary.

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