Snap shares drop as CFO quits after eight months

Bradley Prior

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Snap shares drop as CFO quits after eight months

Snap Inc. Chief Financial Officer Tim Stone is resigning after eight months in the job, another sign of volatility at the social-media company that sent shares tumbling in extended trading.

His sudden departure, following several years of frequent executive turnover, adds to uncertainty surrounding the young company’s future, as it struggles to expand the user base for its Snapchat mobile photo-sharing app. [Bloomberg]
 
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