Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring

Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing

and said it plans to slow hiring as it reckons with weakening revenue growth.

Co-founders Evan Spiegel, the CEO, and technology chief Bobby Murphy agreed to new employment contracts that will keep them in their jobs through at least January 2027.

Here’s how the company…