Snap Inc. (NYSE: SNAP) plunged over 15.31% in pre trading session on Wednesday as the firm attributed its lackluster quarterly profitability on the weak economy and heightened competition, but analysts suggested on Wednesday that an improvement in the key ad indicator would be good news for Facebook owner Meta Platforms and Alphabet. According to Snap, its direct response business, which promotes product sales or website visits, increased 4% from October to December. However, brand advertising revenue, which is meant to enhance a brand's reputation, declined 11%, the business reported in...