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Wireless

US govt drops investigation into Snap IPO

Thursday 24 October 2019 | 11:48 CET | News
Snap said that the US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) have both dropped their investigations into the company. Probes were launched late last year, to see if Snap did indeed overinflate some figures and projections when it held its initial public offering in March 2017. Snap made no further comment on the nature of the investigations or on their conclusion. 

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Instagram / Snap
Countries: United States / World
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