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Snap is 'quickly running out of money,' analyst says, as the stock slides to a new low
By David Pierson | Los Angeles Times and Jim Puzzanghera | Los Angeles Times | October 9Snap shares slid 6.4 percent on Tuesday to close at a new low of $7 after an analyst said the company behind the Snapchat video-messaging app was "quickly running out of money" and may need to raise new funding next year.