Snap Investors Are Angry. Does CEO Evan Spiegel Care?
It's been a rough month so far for Snap (NYSE: SNAP). Shares have lost 16% of their value month-to-date, with most of those losses being driven by a pair of Street analyst downgrades last week (investor sentiment was slightly buoyed by an upgrade). Meanwhile, CEO Evan Spiegel recently married supermodel Miranda Kerr, and enjoyed a lavish honeymoon on a private island in Fiji, which costs tens of thousands of dollars per night. More recently, Spiegel has been reportedly sailing with friends across Europe.
Kerr has had harsh words over Facebook's (NASDAQ: FB) blatant copying of popular Snapchat features, but that hasn't stopped her from sharing wedding pics on Instagram with her 11.5 million followers.
Image source: Pixabay.
Source: Fool.com
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