Snap IPO Filing Reveals Ousted Cofounder Received $157.5 Million In Settlement

Snap’s initial public offering documents revealed the previously confidential settlement sum Snapchat paid to its ousted third creator. In keeping with its 2014 agreement, Snapchat paid its third cofounder Reggie Brown $157.5 million in cash.

from Forbes – Tech http://ift.tt/2jET9in
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