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Snapchat shares drop following CEO's alleged

Snapchat shares drop following CEO's alleged "India too poor" comment

Tuesday, April 18, 2017, 12:28 PM

Snap shares fell 1.5% on Monday as Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritizing growth in India and Spain because they were "poor" countries. The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company.
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