Snap shares tumbled more than 6 percent to an all-time low Tuesday after a Wall Street analyst said the Snapchat parent was in danger of running out of cash by 2020. Last week, the Venice, Calif.-based Snapchat owner's 27-year-old chief executive, Evan Spiegel, told employees in a 15-page memo that the company is gunning for...
Snap shares tumbled more than 6 percent to an all-time low Tuesday after a Wall Street analyst said the Snapchat parent was in danger of running out of cash by 2020. Last week, the Venice, Calif.-based Snapchat owner's 27-year-old chief executive, Evan Spiegel, told employees in a 15-page memo that the company is gunning for...
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