May 18, 2018
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The stock price for Snap Inc. hit a new low — falling 6.4 percent to $7 a share – after a report described the Santa Monica social media company as “quickly running out of money.”
Evan Spiegel co-founded the popular Snapchat messaging and video mobile app in 2010 with his Stanford University peers Bobby Murphy and Reggie Brown.
2018 Wealthiest Angelenos
Snap Inc. CEO Spiegel’s wealth surged upward in 2017 with the social media company’s explosive initial public offering