When


Snap


reports its second-quarter results, investors will be watching closely to see how badly the weakening economy is affecting advertising at


Snap


chat, the social-media platform. That, in turn, will offer a window on the outlook for


Meta Platforms


the owner of Facebook.

Concern that a recession is on its way and the continuing challenge of adjusting to


Apple


2021 move to beef up privacy by making it harder for advertisers to track people’s actions online have weighed on


Snap


(SNAP) stock this year. The stock is down 75% in the past 12 months, though it rose 9.6% to close at $15.51 on Wednesday.