Trump's tariff iron fist impacts the advertising industry! Snap (SNAP.US) subscription users increase by 59% but refuse to provide revenue forecasts.

Zhitong Financial APP learned that Snapchat, the social platform developer known for its "disappearing messages" feature, announced its first quarter performance ending on March 31. The company's overall revenue barely exceeded Wall Street analysts' expectations for the first quarter revenue. Additionally, the subscriber base of Snapchat increased by 59% compared to the same period last year. However, due to the online advertising business facing challenges from the Trump administration's tariff policies causing macroeconomic headwinds, Snap's management refused to provide revenue forecast data for the current quarter in the performance report.