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Alphabet, Snap, Pinterest Shares Are Sliding: What's Going On?

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Snap Inc (NYSE:SNAP) and Pinterest Inc (NYSE:PINS) shares are moving lower in Wednesday’s after-hours session in sympathy with Meta Platforms Inc (NASDAQ:META), which fell after reporting first-quarter earnings results. What Happened With Meta? Meta beat analyst estimates on the top and bottom lines, reporting first-quarter revenue of $36.455 billion versus estimates of $36.156 billion and EPS of $4.71 versus estimates of $4.33, per Benzinga Pro. Despite topping estimates, the stock is tanking in after-hours trading, likely due to the company’s guidance. Meta said it expects second-quarter revenue to be in the range of $36.5 billion to $39 billion versus estimates of $38.3 billion. The company raised its expense outlook for the year from a range ...