Snap is ‘quickly running out of money’

I know how Snap can save $500 million per year: his name is Evan Spiegel.

The CEO famously rejected stock options comp for a ridiculous annual salary of one half a billion USD.

Snap Inc. stock slid more than 5% on Tuesday morning after an analyst said the Santa Monica company behind the Snapchat video-messaging app was “quickly running out of money” and may need to raise new funding next year.

— Read on www.latimes.com/business/la-fi-tn-snap-snapchat-money-20181009-story.html