Snapchat CEO Allegedly Said “I Don’t Want To Expand Into Poor Countries Like India and Spain”, Denies Reports
In a report published by Variety magazine recently , the CEO of Snapchat Evan Spiegel reportedly said “This app is only for rich people, I don’t want to expand into poor countries like India and Spain.”
The allegation comes by an ex-employee Anthony Pompliano who is fighting a lawsuit with the company over his unfair dismissal.
Anthony was hired away from Facebook when Snapchat was looking to expand its overseas business.
The controversial comment was made by Evan Spiegel allegedly during a meeting to discuss the growth of the app’s user base in 2015.
An employee raised concern about the app’s slow growth in a developing market like India having a growing mobile penetration. To this, Spiegel cut the employee mid-sentence saying, “This app is only for rich people,” Spiegel said, Variety quoted the employee’s revelation. “I don’t want to expand into poor countries like India and Spain.”
Pompliano divulges in his lawsuit a story of his brief, three-week tenure at the company, during which he says he learned that the company exaggerated its user data and that top executives were “completely misinformed” about key metrics.
Snapchat denied these allegations “This is ridiculous. Obviously Snapchat is for everyone! It’s available worldwide to download for free.” said Snap Inc., the parent company in a statement.
“Snap did not give investors misstated user metrics back in 2015; nor did Snap employees commit any of the panoply of alleged bad acts that litter Pompliano’s complaint. Snap will demonstrate as much at the appropriate time in the appropriate forum,” Snapchat wrote in its notice filed with the court.
The full lawsuit can be found below :