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Snap's top lawyer has stepped down less than 6 months after IPO (SNAP)

Snap Inc.'s general counsel, Chris Handman, is leaving the company less than six months after he helped lead its initial public offering.

A lieutenant of CEO Evan Spiegel and longtime exec, Handman built a close-knit team of lawyers in charge of everything from the company's IPO to mergers and acquisitions. He will continue to serve as an advisor.

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"We are grateful for all of Chris's hard work and contributions to Snap," a spokesperson told Business Insider. "He has built an incredible legal team, played an integral role in taking the company public, and has been a valued member of Snap's leadership. We wish him all the best; he will always be an important part of the Snap family."

Snap's stock dove below $14 per share for the first time on Tuesday and is currently trading around 1

The Information first reported the news of Handman's departure on Tuesday.

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