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Supplemental Nutrition Assistance Program (SNAP) benefits, called food stamps, will be paid in January and February despite the government shutdown.
Sources said CFO Tim Stone appealed directly to the board for a raise, which he was denied.
Analysts are asking what's happening to Snap's management.
It's yet another piece of bad news for the struggling messaging app company.
Evan Spiegel’s old Stanford professor flamed the Snapchat CEO for failing to stop kids getting addicted to tech
It follows Evan Spiegel revealing that he and supermodel wife Miranda Kerr limit their child's screen time to an hour and a half a week.
Snap’s ex-chief security officer and general counsel cofounded a new security startup called TerraTrue
Two former Snap executives have a new startup.
Snap shares plunged more than 10% early Wednesday after the company said CFO Tim Stone was leaving the company.
Snap CEO Evan Spiegel claimed Instagram makes you feel ‘terrible’ and Snapchat doesn’t. But data suggests he’s wrong.
Snap CEO Evan Spiegel claimed recently that Instagram made users feel "terrible" because they had to "compete for popularity." Research doesn't support him.
As the government shutdown drags on the effects will get worse. Food stamps could
Snapchat founder Evan Spiegel and wife Miranda Kerr only allow their seven-year-old child to have 1.5 hours of screen time per week
Snap CEO Evan Spiegel said that he wasn't allowed to watch TV while growing up, and it informed his parenting practices.