Why Unity Software Is Down More Than 12% on Tuesday

·2 min read
Why Unity Software Is Down More Than 12% on Tuesday

Shares of Unity Software (NYSE: U) are down 12.5% as of 1:35 p.m. ET today, upended by broad-market weakness and steep sell-offs from a pair of closely related peers. Roblox stock is 8.7% lower today in response to a downgrade from Atlantic Equities, while Snap -- the name behind the social media app Snapchat -- cautioned its shareholders that it wouldn't meet its initial second-quarter earnings estimates, sending its shares down more than 40%.

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