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Date: Thursday 23rd November 2017 at 05:44 PM
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Snapchat Ceo Says The App Was Only Supposed To Be For Rich People - Phones - YukHub

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Snapchat Ceo Says The App Was Only Supposed To Be For Rich People by admin: 12:10am On 4 Apr
Some interesting new information has come to light In an ongoing lawsuit between Snapchat and an employee who believes
he was wrongfully terminated.
The employee is Anthony Pompliano who was recruited from Facebook to assist the company in growing.
One of his initial concerns was that the
app wasn’t doing too well in overseas countries. When presented with the concern, Snapchat CEO
Evan Spiegal allegedly said that the app is only for rich people and that he didn’t want to expand into “poor” countries like India and Spain before storming out of a meeting.
If true, the statement sounds really naive of the CEO now that the company has gone public and has become one of the biggest social networks in the mobile world. Had the app truly only been for rich people, it wouldn’t have seen nearly as much growth and Snapchat wouldn’t have
been able to get to the
point where they could
do an IPO. There’s also
the matter that there’s
very little “poor” about countries like Spain, and while India may indeed be a developing market, it’s progressing faster than every other major country in the world.
Other allegations Pompliano presented were that the company was routinely lying about usage numbers, such as 40% customer retention and 87% application turnover, figures which Pompliano
allege were greatly exaggerated, and something that could cause an issue with advertisers down the line.
There’s also a note about a shady attempt to learn about Facebook’s organizational structure despite Pompliano having a known confidentiality
agreement in place, as well as accusations of Snapchat hindering his ability to find new work by blacklisting him, a practice where former employers wrongly provide bad feedback about an individual to companies looking into
hiring them.
For Snapchat’s end, they contend that Pompliano’s claims about his knowledge of
their “current” user metrics are merely made up. Which Snapchat has fought to keep redacted but recently relaxed their stance in light of their recent IPO.
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Date: Thursday 23rd November 2017 at 05:44 PM


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