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Snap shares climbed 14% on Tuesday after activist investor Irenic suggested changes to boost the stock's value 7x, such as cutting staff by 21% and ending Specs (Lola Murti/CNBC) from Techmeme RSS feed.
Snap shares climbed 14% on Tuesday after activist investor Irenic suggested changes to boost the stock's value 7x, such as cutting staff by 21% and ending Specs (Lola Murti/CNBC)
Lola Murti / CNBC:
Snap shares climbed 14% on Tuesday after activist investor Irenic suggested changes to boost the stock's value 7x, such as cutting staff by 21% and ending Specs — Shares of Snap climbed 14% Tuesday after shareholder Irenic Capital Management sent a letter to CEO Evan Spiegel outlining changes …