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Snap Sets Off Alarm Bells 

  • Facebook-parent Meta Platforms Inc and Pinterest Inc fell between 2 percent and 7 percent. Twitter Inc slid 3 percent, also dragged by fears of security reviews of billionaire Elon Musk’s takeover bid.
  • Analysts rushed to cut their price target on Snap, with Morgan Stanley taking it to a Wall Street low of $7.
  • In early trading, the stock hit its lowest since early 2019.
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