A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, January 23, 2017. Photo: Reuters

Snap reveals US subpoenas on IPO disclosures as part of ongoing regulatory investigations

  • Snap’s Snapchat messaging app has posted disappointing user growth since the company’s US$3.4 billion IPO
  • The previously unreported federal inquiries follow an ongoing shareholder lawsuit in which investors allege that Snap misled the public over competition
Topic |   IPO

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A Snapchat sign hangs on the facade of the New York Stock Exchange (NYSE) in New York City, January 23, 2017. Photo: Reuters
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