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Benzinga
Benzinga
Technology
Shanthi Rexaline

UNBELIEVABLE: Snap ceo hints at hiring slowdown spending cuts after warning of q2 shortfall - Caught on Camera

Snap, Inc. (NYSE:SNAP) shares tumbled to a two-year low in after-hours trading on Monday after the Snapchat parent company warned that it may miss its second-quarter guidance.

Following an 8-K filing to this effect, the company's CEO Evan Spiegel reportedly sent an internal memo to employees, seeking to clarify the company's position.

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