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Snap CEO Evan Spiegel sold $50 million of company stock

3 days ago   |   By Business Insider

Axelle/Bauer-Griffin/FilmMagic
Snap CEO Evan Spiegel sold $50 million of Snap stock on Monday.
The SEC filing for the the transaction carried a note that Spiegel followed a trading plan designed to allow sellers to avoid accusations of insider trading.
Snap had a comeback in 2019 following a harrowing 2018.
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An SEC filing has revealed that Snap CEO Evan Spiegel just dumped $50 million worth of company stock.
Filed on Monday, the SEC filing shows Spiegel sold 2,780,670 shares at a price of roughly $18 each. The filing carried the note that...
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