FILE- In this May 2, 2018, file photo the logo for Snap Inc. appears above a trading post on the floor of the New York Stock Exchange. Snap Inc. is getting hit hard in premarket trading after the social media company said its second chief financial officer is leaving, the second to do so in the past year. In a regulatory filing Tuesday, Jan. 15, 2019, the company said Tim Stone is leaving to pursue other opportunities. (AP Photo/Richard Drew, File)

Snap to lose chief financial officer, its 2nd in a year

January 16, 2019 - 9:40 am

Snap Inc. is getting hit hard in morning trading after the social media company said its chief financial officer is leaving, the second to do so in the past year.

In a regulatory filing Tuesday, the company said Tim Stone is leaving to pursue other opportunities. He had joined the Santa Monica, California, company just eight months ago after two decades at Amazon.com.

A number of top executives have left the company in recent months and a redesign of the platform has been heavily criticized by users.

Shares of Snap slid almost 12 percent to $5.78.

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