Snap founders won’t sell shares despite plummeting price

Snap has an awful Q2 earnings report…but at least its dancing AR hot dog was viewed 1.5 billion times. To prove their confidence, co-founders Evan Spiegel and Bobby Murphy have agreed not to sell any shares this year, and the company will withhold shares their owed to pay for any necessary taxes. Snap glossed over its shortcomings in user count and revenue to focus on several vanity… Read More...