Snap's AI Takes Away From the Bottom Line

Snap shares tumbled today after the social media company reported, well second quarter results that gave revenue outlooks a little bit weaker than expected. Snap is clearly not out of its revenue slump yet and prior to earnings yesterday, I had said that its ad business wouldn't start to turn around until at least the second half of this year but now it's looking like you for at the earliest. Despite the weak guidance for Q3, there were plenty of bright spots to look to in its earnings.