Snap Shares Hit by Second CFO Exit in a Year

Snap Shares Hit by Second CFO Exit in a Year
A banner for Snap Inc. hangs from the front of the New York Stock Exchange in New York on March 2, 2017. AP Photo/Mark Lennihan
Reuters
Updated:

Shares of Snap Inc. fell 9 percent in early trading on Jan. 16 after Tim Stone became the second finance chief to leave the Snapchat operator in a year since a much-criticized redesign.

Stone joined the owner of Snapchat last May after spending two decades with Amazon.com Inc, replacing Andrew Vollero, who was responsible for taking Snap public in 2017.