Snap Stock Falls As Alleged CEO Comments Rile Some On Social Media

Elizabeth Williams
April 18, 2017

The mobile phone app Snapchat is facing a boycott after allegations emerged that the company's founder had dismissed "poor countries like India" as targets for expansion and its software was "only for rich people".

The legal document filed in a Los Angeles state court concerns claims made in a lawsuit filed by an employee who left the company in 2015, and Snap has said it considers the litigation to be a publicity stunt.

It was even rumored that Indian hackers retaliated by leaking 1.7 million Snapchat users' data on the "dark web", but these reports have not been verified. Among a litany of allegations against Snap, Pompliano says that CEO Evan Spiegel once shot down his suggestion to pursue growth in certain worldwide markets.

According to Variety magazine Snapchat has previously argued that Pompliano's suit contained "trade secrets that could damage the company and help its competitors".

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Responding to the outrage that has followed in India, Snap's spokesperson shared with media, "Obviously, Snapchat is for everyone!"

Snapchat is trying to put out a PR firestorm in India. Not only did Indians take to uninstalling the Snapchat app as well as leave bad reviews, an e-commerce site based in India, Snapdeal was targeted too, perhaps for sharing a similar name.

"This rather looks like a fake database compiled from previously leaked databases, such as LinkedIN, or a minor data breach from a particular Snapchat server or employee's device".

Other reports by VgToday

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