Snap CFO Tim Stone’s exit after just 8 months adds to concerns about exec turnover [Los Angeles Times (CA)]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: Los Angeles Times
Snap CFO Tim Stone’s exit after just 8 months adds to concerns about exec turnover When Tim Stone joined Snap Inc. as chief financial officer in May 2018, investors breathed a sigh of relief. With 20 years at Amazon under his belt, Stone was hailed as a veteran who could bring stability to the social media company, led by 28-year-old co-founder and Chief Executive Evan Spiegel, that had veered off course after an overhyped public offering and a disastrous redesign that pushed users away. On Tuesday, after just eight months on the job, Stone’s pending departure was revealed in a federal filing. On Wednesday, the Venice company’s stock price dropped nearly 14%. “Tim’s transition is not related to any disagreement with us on any matter relating to our accounting, strategy, management, operations, policies, regulatory matters, or practices (financial or otherwise),” Spiegel wrote in a memo to the company. As Snap’s stock continues its persistent decline — down to $5.64 from its post-IPO h
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SNAP
Earnings
- 2/6/24 - Beat
SNAP
Sec Filings
- 4/1/24 - Form 4
- 3/28/24 - Form 144
- 3/20/24 - Form 4
- SNAP's page on the SEC website