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Wow, this means that Snapchat's valuation went down a lot just because of this one case.


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.




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