CNBC’s Jim Cramer implies Snapchat is used for insider trading

The now-you-see-it, now-you-don’t nature of ephemeral messaging app Snapchat may be helping Wall Street bankers exchange insider trading tips without detection. CNBC “Mad Money” host and former hedge fund manager Jim Cramer suggested as much in an interview with Manhattan U.S. Attorney Preet Bharara at a Discovering Alpha event held Wednesday in New York. Buzzy 2-year-old Snapchat makes mobile applications for exchanging pictures and videos that vanish within seconds. Adolescents are absolutely enamored with the app because of the fleeting nature of moments that won’t come back to haunt…

Originally posted here: CNBC’s Jim Cramer implies Snapchat is used for insider trading

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