a slew of internet stocks were sharply lower premarket tuesday caught up in the wave of selling sparked by snap incs snap warning late monday that secondquarter earnings would lag estimates snap ceo evan spiegel issued the warning at a jp morgan technology conference and the company filed it with the sec spiegel said that the economy has definitely deteriorated further and faster than snap snap 340 had expected when it gave its forecast during its earnings call last month he added that the snapchat parent is slowing its hiring pace for the year and looking for ways to cut costs snap shares fell 30 meta platforms inc fb was down 7 alphabet inc googl was down 35 pinterest inc pins was down 12 twitter inc twtr was down 36 and amazoncom inc amzn was down 2 netflix inc nflx fell 16