Snapchat confirmed the departure of another executive as its share price continues to sag. That’s down over 7 percent from yesterday following BTIG analyst Rich Greenfield gave Snap a sell rating with a target price of $5 saying “We are tired of Snapchat’s excuses for missing numbers and are no longer willing to give management ‘time’ to figure out monetization.” The company said on Friday that it had fired a senior vice president for product and engineering after an investigation into allegations he was involved in inappropriate conduct.
Snapchat confirmed the departure of another executive as its share price continues to sag. The company said on Friday that it had fired a senior vice president for product and engineering after an investigation into allegations he was involved in inappropriate conduct.