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Snap chief financial officer to depart company

Close-up photo of Snapchat's mobile app icon on a smartphone.
Snapchat mobile app icon. Photo: Thomas Trutschel/Photothek via Getty Images

Tim Stone, a former Amazon executive who became Snap's chief financial officer in May, is leaving the company, Snap announced on Tuesday. No replacement has been named yet.

Why it matters: Although Snap says that Stone's departure is not due to any disagreement between him and the company, he is nonetheless the latest in a string of executive departures over the last couple of years.