Tag: Snap Founders

Founders won’t sell Snap shares, but that doesn’t help price drop

Founders won’t sell Snap shares, but that doesn’t help price drop

Written by on August 11, 2017 in Features, News with 0 Comments

(Reuters) – Snap Inc Chief Executive Officer Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expectations. Shares of the Los Angeles company slumped nearly 17 percent in extended trading. A […]

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