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Evan Spiegel Suggests New Founder Don't Go Public

Video Credit: Wochit - Duration: 00:32s - Published
Evan Spiegel Suggests New Founder Don't Go Public

Evan Spiegel Suggests New Founder Don't Go Public

During a Goldman Sachs investor conference Snap CEO Evan Spiegel advised founders to not go public.

Since going public, Snap’s stock has struggled to trade above its IPO price of $17 a share.

According to Business Insider, the company is currently closing at $16.90 a share.

Snap faced setbacks after an unpopular app redesign and a delayed update for Android users.

Spiegel said going public means building trust with a new set of investors and that it will take time.

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