Evan Spiegel Stands By the Big Bet That Sank Snap’s Stock

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Evan Spiegel Stands By the Big Bet That Sank Snap’s Stock
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When Snap CEO Evan Spiegel was a kid, he thought 'South Park' was a park because his parents didn't let him watch TV. Now he's trying to manage how his kids use tech.

Georgia Wells and Matt MurrayLast year, Snap Inc.

Chief Executive Evan Spiegel pushed his team to launch a redesign of his company’s app, against the advice of many of his top lieutenants. It was a disaster. Users fled, senior employees left the company and Snap’s share price tumbled about 76% from a February high.

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