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Snap CFO Tim Stone To Resign

Snap Inc. (SNAP) disclosed in a regulatory filing that Tim Stone, Chief Financial Officer and principal financial officer, notified the company of his intention to resign to pursue other opportunities. The company said it is finalizing its fourth quarter 2018 financial results and expect to report revenue and Adjusted EBITDA results that are slightly favorable to the top end of previously reported quarterly guidance ranges for each.

Stone has confirmed that this transition is not related to any disagreement with us on any matter relating to our accounting, strategy, management, operations, policies, regulatory matters, or practices.

Snap noted that Stone's last day has not been determined. Stone will continue to serve as Chief Financial Officer to assist in the search for a replacement and an effective transition of his duties, including through scheduled full year 2018 financial results announcement.

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