Heard on the Street: Snap’s pictures are easily forgotten, but its user losses aren’t
Shares rose after CEO’s remarks, but while Snapchat’s pictures are easily forgotten, its user losses aren’tEvan Spiegel hired a management coach and is learning how to say some of the right things. Delivering on them is another matter entirely.
At an investment conference on Monday, the chief executive officer of Snap Inc. offered some fresh perspective on the social network’s turbulent past two years as a public company. He also tried to counter the narrative of Snapchat as a one-man show—a story supported by a revolving door for high-level executives over the past several months and Mr. Spiegel’s 50.8% voting stake.
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