Daily Crunch: Snap CFO departs
In a memo to employees, CEO Evan Spiegel said Stone’s departure is not related to any disagreements pertaining to company finances. "Tim has made a big impact in his short time on our team and we are very grateful for all of his hard work," Spiegel said. It's technically a merger, but Fiserv will be getting the upper hand in the deal: its CEO Jeffery Yabuki will become CEO of the combined entity, while First Data’s CEO Frank Bisignano will become president and COO.
