Blue Duck Capital urges Snap board to raise external capital and cut $500m annual specs spending
Blue Duck Capital urged Snap Inc.’s board to raise external capital to unlock sum-of-the-parts value and proposed removing $500 million of annual specs spending from Snap’s core business.
Blue Duck Capital is urging Snap Inc's board to raise external capital for Specs and says the move could unlock sum-of-the-parts value, according to the source text. The investor also proposes removing $500 million of annual Specs spending from Snap's core business. Oct 6. N.