03-02-2017 13:44 via news.yahoo.com

Growth worries cloud Snapchat’s $25bn float move

The camera phone app, which last night filed for its hotly anticipated stock market float through parent Snap, revealed flagging user growth last quarter, fuelling fears the photo-sharing site will run out of steam. Snap shares will also carry zero voting rights, a first for a listing of this size, giving co-founders Evan Spiegel (pictured) and Bobby Murphy complete control of the group even if they are fired. Snap revealed it has 158 million users worldwide, including 10 million in the UK, but
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