Snap Inc. co-founders see their net worths drop over year: report
Snapchat makes deep staffing cut to ‘weather’ the economic storm: Tech analyst
Tech analyst Pete Pachal discusses Snapchat and its plan to lay off 20% of its workforce as they prepare to launch their ad-supported subscription tier on ‘Mornings with Maria.’
Snap Inc. co-founders Evan Spiegel and Bobby Murphy have reportedly seen their net worths drop precipitously in a year.
Bloomberg reported Spiegel has had his net worth drop over $11 billion between Friday and the same date the prior year. The Snap CEO's net worth on Oct. 21, 2021, was $13.9 billion, whereas it stood at roughly $2.3 billion this afternoon, according to the outlet.