Snap (SNAP 27.63%) has been run over by its social media rivals, but that hasn't stopped CEO Evan Spiegel from spending lavishly on stock-based compensation, despite floundering results. In this video, Travis Hoium shows the latest underperformance and explains why there's nothing investors can do about it.

*Stock prices used were end-of-day prices of July 26, 2023. The video was published on July 28, 2023.