Snap fi­nan­cial re­sults due

Los Angeles Times - - THE WEEK -

Snap Inc., L.A.’s largest and best-known tech com­pany, will an­nounce its sec­ond-quar­ter earn­ings Thurs­day amid con­cern about the f irm’s fall­ing stock price. Af­ter Snap went pub­lic in March, share prices rose above $29 a share. But the stock dropped be­low $13 a share last week. An­a­lysts said some of the de­cline is due to em­ploy­ees and early stake­hold­ers sell­ing shares.

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