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  KEY POINTS Snap’s revenue missed estimates, coming in at $1.13 billion versus $1.14 billion expected. Bernstein downgraded the stock to market perform from outperform and reduced its price target to $9 from $15. The social media company has suffered as a result of the struggling online advertising market. In this article SNAP -0.08 (-1.03%) Follow your favorite stocks Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Shares of  Snap  fell 28% Friday after investors continued to digest the company’s  third-quarter earnings report  that was released Thursday night. Shares are now trading at levels not seen since February 2019. The company posted an unexpected profit, but revenue missed estimates slightly, coming in at $1.13 billion versus the $1.14 billion expected, according to a Refinitiv survey of analysts. The social media company has suffered as a result of the struggling online advertising market.  Apple ’s data privacy update in 2021 has limited the ability of social med

  A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty Images While bitcoin’s price is stuck lately, there is one good thing to come from it for investors betting on crypto to become a legitimate asset class: It’s less of a wild ride. After hovering in the $19,000 level for more than a month, bitcoin’s volatility is now lower than that of both the Nasdaq and S&P 500, according to Kaiko. The data provider said Friday that the cryptocurrency’s 20-day rolling volatility has now fallen below that of the stock indexes for the first time since 2020. On Monday it had fallen enough just to match the Nasdaq’s volatility. That’s welcome news to many longtime crypto investors who hope that a mellowing of crypto’s notorious price swings could bring less fear to potential new investors. Kaiko also said the gap between bitcoin’s and equities’ 30-day and 90-day volatilities h