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Snap CFO Tim Stone to resign less than a year into role

One year ago   |   By Reuters

Snapchat app-owner Snap Inc said on Tuesday Chief Financial Officer Tim Stone will be leaving the company, less than a year after assuming charge in the latest top-level exit.
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Snapchat's parent company is losing its CFO after less than a year, and the stock is plummeting

Snapchat's parent company is losing its CFO after less than a year, and the stock is plummeting

One year ago   |   By Business Insider

Tim Stone, the CFO of Snapchat parent company Snap, is quitting.
On Tuesday, the exec notified the beleaguered messaging app company of his intention to quit "to pursue other opportunities," Snap said in a SEC filing. Snap is down around 8% in after-hours trading following the news.
Snapchat has struggled in recent years as Facebook-owned Instagram aggressively cloned its features, siphoning off users and stifling the app's growth.
Stone, a former Amazon executive, had joined Snap less than a year ago, in May 2018, following a disastrous quarter for the company He replaced the company's...
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Here are the biggest takeaways from Warren Buffett's annual letter

Here are the biggest takeaways from Warren Buffett's annual letter

Warren Buffett , the chairman and CEO of Berkshire Hathaway, released his annual letter to shareholders on Saturday alongside the company's fourth quarter 2019 earnings... Read more ...

Dangerous debris found inside fuel tanks of around 35 new Boeing 737 MAX jets

Dangerous debris found inside fuel tanks of around 35 new Boeing 737 MAX jets

Potentially fatal problems were found in the fuel tanks of dozens of recently produced Boeing 737 MAX airliners, a model which remains grounded worldwide following two deadly... Read more ...

The DOJ is reportedly probing whether Boeing's chief pilot misled regulators...

The DOJ is reportedly probing whether Boeing's chief pilot misled regulators over the 737 Max

Federal prosecutors have questioned Boeing employees in front of a grand jury, investigating whether Boeing intentionally misled the FAA over the design of the 737 Max... Read more ...

Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer...

Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts

The bank agreed to settle charges brought by the Justice Department and the Securities and Exchange Commission over accounts, debit cards and other products that customers did... Read more ...

Mike Bloomberg is going after Trump with billboards mocking him for eating...

Mike Bloomberg is going after Trump with billboards mocking him for eating 'burnt' steak and cheating at golf

Mike Bloomberg's 2020 campaign has put up billboards trolling President Donald Trump for eating "burnt" steak, cheating at golf, and losing the popular vote in several Western... Read more ...

The lawyer for Jeffrey Epstein's accusers sent a school bus to Buckingham...

The lawyer for Jeffrey Epstein's accusers sent a school bus to Buckingham Palace with a wanted poster telling Prince Andrew to call the FBI

A school bus drove around outside Buckingham Palace with a poster asking people to get Prince Andrew to call the FBI. The poster included the FBI's UK phone number and a... Read more ...

Elon Musk's rocket company SpaceX is reportedly seeking close to $250...

Elon Musk's rocket company SpaceX is reportedly seeking close to $250 million in new funding at a $36 billion valuation

SpaceX is seeking to raise "about $250 million" at a price of $220 per share, according to a report by CNBC . The new funding would reportedly value the company at around $36... Read more ...

USC says it will offer free tuition to families making less than $80,000

USC says it will offer free tuition to families making less than $80,000

The University of Southern California announced on Thursday that students from families with incomes below $80,000 will soon receive free tuition. The free tuition offer will... Read more ...

Dale Earnhardt Jr is not a fan of NASCAR's humongous spoilers and believes...

Dale Earnhardt Jr is not a fan of NASCAR's humongous spoilers and believes they helped cause Ryan Newman's scary Daytona 500 wreck

NASCAR increased the size of the spoilers on the cars and Dale Earnhardt, Jr. believes that had a role in the near-tragic wreck of Ryan Newman at the Daytona 500. Newman was... Read more ...

National security adviser rejects report of Russian interference to help...

National security adviser rejects report of Russian interference to help Trump get re-elected, but believes Russia would help Bernie Sanders

White House national security adviser Robert O'Brien said it's "no surprise" that Russian operatives are likely working to elect Vermont Sen. and Democratic frontrunner Bernie... Read more ...