No - Snap missed earnings because Snap underestimated the effects of Apple's privacy changes - in other words they figured people would be happy to opt-in to reduced privacy.

I would really like them to elaborate on exactly how these changes reduced their revenue by a couple of houndred million.

To be fair to apple, the global supply chain interruptions and labor shortages reduces the "short-term appetite to generate additional customer demand through advertising." which loosely translates to companies had empty shelves so didnt bother paying for ads to drive customers to their sites for stuff that isnt in stock