The fortunes of Snap cofounders Evan Spiegel and Bobby Murphy jumped more than $720 million combined after hours by HCuccinello
Getty Images for Snap Inc.
It’s been a very good year for the young executives and their company. Since the start of 2019, Snap's stock has risen more than 160%. Spiegel and Murphy, whose fortunes are largely composed of their stakes in Snap —each owns 18%—, are worth approximately $3.7 billion, up $1.6 billion since March when we published our annual rankings of the world’s billionaires.
"We are so excited about our opportunity to reinvent the camera and achieve our vision of overlaying computing on the world, and our rapidly improving business results will allow us to move faster to better serve our community in the future," Spiegel said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snap shares jump on upgrade ahead of earnings after the bellShares of Snap, parent company of Snapchat, rose on Tuesday following an upgrade from Stifel ahead of the company's earnings release after the bell.
Read more »
Snap Shares Jump As Returning Users Boost RevenueSnap Inc., shares surged after the parent of messaging app Snapchat reported rebounding user growth and revenue, fueled by new features including interactive games and viral camera lenses.
Read more »
Stocks making the biggest moves after hours: Facebook, Amazon, Snap, Chipotle, iRobot and moreStocks making the biggest moves after hours: Big Tech, Snap, Chipotle, iRobot, Visa and more
Read more »
Inside The $400 Million Fortune Of Trump’s Treasury Secretary Steve MnuchinSteven Mnuchin’s New York City apartment looks like the home of a treasury secretary. The elevator opens to a gallery with a marble floor, an 11-foot ceiling and a staircase adorned with elegant swirls that resemble dollar signs.
Read more »
Snap Stock Skyrockets As Company Adds 13 Daily Active Million Users in Q2Share prices for Snapchat’s corporate parent Snap Inc. shot up 8.5% in after-hours trading Tuesday on news that Snapchat added 13 million daily active users in Q2 of 2019. The service ended t…
Read more »
Mented Cosmetics Cofounder KJ Miller On Career Pivots, Trusting Your Instincts & Personalizing Products(Paid Content) Mented Cosmetics cofounder KJ Miller has never been afraid to pivot to get closer to her goals.
Read more »