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by xiphias 3457 days ago
Wow, this means that Snapchat's valuation went down a lot just because of this one case.
1 comments

Well, no, this is still all alleged. It will have to stick. Even if it is all true as presented here, it may not have a significant impact. For reference, take a look at how Facebook publicly admitting it was misrepresenting certain advertising metrics has impacted the long term outlook of the company's stock (it hasn't). Also take a look at how long Theranos maintained its valuation despite widespread, grievous fraud.