I don’t want to expand into poor countries like India and Spain: 

Snapchat CEO The details of the poor remarks were revealed in a lawsuit by filed by an ex-employee named Anthony Pompliano At a time when most international 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’. The details of the poor remarks were revealed in a lawsuit by filed by an ex-employee named Anthony Pompliano, According to the lawsuit, the incident happened 2015 when Pompliano was expressing his concerns that the app was not making a mark in the overseas market. Abruptly cutting him off, Spiegel said “this app is only for rich people. I don’t want to expand into poor countries like India and Spain.

 ” Pampliano has sued Snapchat for presenting inflated metrics about user data to the investors while going for an IPO. “Snapchat was inflating its registration completion rate, which it claimed was about 87 percent. In fact, it was less than 40 percent. The company was also claiming to retain 40 percent of its users after seven days when in fact the figure was closer to 20 percent,” he claimed. Pompliano, who was hired away from Facebook to increase the user base of was sacked barely three weeks after he joined the company. The comments have invoked angry reactions from Indian users with some even threatening to quit the social platform. 

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