Snap is trading 4.24% down now at $5.20 after Chief Business Officer Ajit Mohan announced his departure.
- Ronan Harris has been named his successor.
- Snap said Mohan is leaving to pursue other opportunities, and that his decision was not caused by disagreements with company operations or policies.
- The broader market is weaker, with the Nasdaq down 0.62% and S&P 500 down 0.51%.