According to The Kobeissi Letter, Snap stock ($SNAP) dropped more than 11% following its latest earnings report, as management announced they cannot provide forward guidance due to ongoing uncertainty (source: @KobeissiLetter, April 29, 2025). This significant decline reflects heightened risk and volatility for traders, as the absence of guidance increases unpredictability around future performance. Traders are advised to monitor $SNAP price action closely for potential volatility spikes and to consider risk management strategies when entering short-term trades.