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Snap Points to Growth

Earnings disappoint but users increase to 218M

While shares of Snap Inc. slumped last week following lower-than-expected results for fourth-quarter earnings, the company said aggressive efforts to increase users and reduce losses were generating positive results.

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Wealthiest Angelenos: 17. EVAN SPIEGEL

Spiegel’s wealth surged with Snap Inc.’s March IPO, which valued the company at $28.3 billion at the close of the market on its first day of trading.

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