Snap is mostly driven by advertising.
Spotify has both ad-supported and subscription plans.
But CEO Daniel Ek also spooked investors with talk of economic uncertainty and short-term noise.
The one-two punch doesnt bode well for a stream of tech and social media earnings coming later this week.
CEOs and investor are frantically trying to asses the impact of Donald Trumpstariffson businesses across sectors.
The overhang has pummeled financial markets.
Free cash flow of $114 million compared to $38 million year on year.