Snapchat founder loses £600m as shares plummet

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Snapchat's boss saw almost £600million wiped off his fortune after shares in the social media app plunged 25 per cent. 

Chief executive Evan Spiegel, who co-founded the firm with software engineer Bobby Murphy in 2011 and is married to Australian model Miranda Kerr, saw the value of his 3.1 per cent stake tumble to £1.7billion from £2.3billion.