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Snap CEO Evan Spiegel has sold Wall Street his rose colored glasses, but when the effect wears off it’s going to hurt (SNAP)

evan spiegel

  • Snap investors initially cheered after it reported its quarterly results Tuesday.
  • The reaction was an indication of just how desperate many seem for some semblance of good news from the company.
  • Setting aside Wall Street and investor expectations, this wasn’t a good report; Snap posted a huge loss and its user base is still smaller than it was a year ago.
  • What’s more, the company seems to be underinvesting in areas that might help it grow in the future.
  • Visit Business Insider’s homepage for more stories.

You’ve got to give Evan Spiegel credit for one thing.

Sure, his company, Snap, beat read more >>>

Source:: BusinessInsider.Com