India "too poor" to consider expansion says, Snapchat CEO Evan Spiegel
- Author: Carolyn Briggs Apr 16, 2017,
Apr 16, 2017, 3:37
At a time when most worldwide tech companies are looking to get a pie of the Indian market, Snapchat CEO Evan Spiegel believes that his app is only for "rich people".
Snapchat CEO Evan Spiegel allegedly stated that Snapchat is an app "only for rich people".
The details of the poor remarks were revealed in a lawsuit by filed by an ex-employee named Anthony Pompliano, Variety reported. Abruptly cutting him off, Spiegel said "this app is only for rich people". The suit alleges that the company has misled investors and advertisers about its performance and user base.
According to the lawsuit, Pompliano worked at the firm for three weeks before he was sacked for uncovering "massive internal systematic failure" and reporting it to seniors.
Now that users in the market Spiegel allegedly insulted are hearing about his comments, they're deleting the app. He claims Snapchat bosses attempted to tarnish his reputation making it "impossible for him to find another job".
Snap Inc snap , the parent company of the photo-messaging app, is fighting a lawsuit launched by Anthony Pompliano, a former Snapchat employee. At the time, it was already obvious to Pompliano that the social network was not increasing its user base overseas.
Pompliano contends that during his three-week stint at the company, he discovered "a wide-spread, systemic failure in Snapchat's internal controls over its user data".
Evan Spiegel and other executives allegedly boasted that 87% of users completed the app's registration process, but the data showed the real number to be less than 40%, according to Pompliano.