Snap stock dropped nearly 17% in after-hours trading on Thursday after the company reported weak second quarter earnings that missed expectations for revenue, earnings and user growth. The plunge shaved $500 million apiece off of Spiegel’s and Murphy's fortunes.
from Forbes Real Time http://www.forbes.com/sites/katevinton/2017/08/10/snap-cofounders-fortunes-plunged-a-combined-1-billion-in-hours-after-weak-earnings-report/
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