Home » Tech

Snap stock falls as alleged CEO comments rile some on social media

20 April, 2017, 06:10 | Author: Nadine Todd
  • Snapchat is grateful to Indian users and claims that it is for everyone

Given Facebook has close to 1.8 billion users, a revamped camera app with augmented reality features will only boost usage for the social network, and could further endanger Snapchat's future.

The Twitter-verse is exploding over a tweet made my Mukesh Ambani in response to alleged comments made by Snap CEO Evan Spiegel about not prioritising growth in countries like India and Spain because of them being "poor" countries.

"This app is only for rich people", said Spiegel, according to Pompliano.

The case in question is a lawsuit made by a former employee, Anthony Pompliaono who left the company in 2015. Among a litany of allegations against Snap, Pompliano says that CEO Evan Spiegel once shot down his suggestion to pursue growth in certain global markets.

The dip put Snap on track to close at its lowest level in almost a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company in three years.

Snap points out that its Snapchat app is a free download, available to everybody.

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

In a statement Snap said: "Those words were written by a disgruntled former employee".

Soon after Evan made this statement, a hashtag #boycottsnapchat started trending on Twitter urging users to uninstall the app. Adnan too took to Twitter and shared with his fans that he has done his bit.

According to a TechCrunch report, Zuckerberg had this to say, "I think one thing that people probably don't think about as much as we do is innovation to serve everyone in the community, not just the high end, right?"

"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".


  • Google Chrome Getting Ad Blocker to Kill Bad Ads

    Google Chrome Getting Ad Blocker to Kill Bad Ads

    Google experimented with generating income without showing display and banner ads on publisher sites in the United States. Bundling an ad-blocker into Chrome would be a big move by Google.
    With Trump Pick Aboard, Supreme Court Tackles Religious Rights

    With Trump Pick Aboard, Supreme Court Tackles Religious Rights

    We're allowed to choose our religious beliefs as our consciences dictate and worship accordingly without government interference. The Supreme Court asked parties for their views on whether the Governor's announcement affects the case.
    Indian politicians to face trial over mosque demolition

    Indian politicians to face trial over mosque demolition

    A supplementary charge sheet was filed against eight persons but not the 13 who were discharged for plotting the demolition. More importantly, the apex court said that there will be a day-to-day hearing in the case in the Lucknow trial court.
  • Blackhawks, Blue Jackets look to stave off elimination

    Blackhawks, Blue Jackets look to stave off elimination

    It's fair to question the Blue Jackets coach and his taste in tunes , but Tortorella's pre-game tinkering paid off. Jesper Fast had an unassisted goal for the Rangers, who take on the Canadiens in Game 5 Thursday in Montreal.
    Gorsuch confirmed; Capito, Manchin with majority

    Gorsuch confirmed; Capito, Manchin with majority

    It was the longest period a seat has remained unfilled on the Supreme Court since during the American Civil War in 1862. Vice President Mike Pence presided over the final vote Friday, even though his vote as a tie-breaker was not necessary.
    Australia scraps visa for skilled foreign workers

    Australia scraps visa for skilled foreign workers

    Australian Prime Minister Malcolm Turnbull's government will abolish the 457 visa and replace it with something else. He said that a new version of the visa programme will focus on recruiting only the "best and the brightest".
  • Arnel Pineda meets Journey's Steve Perry for first time

    Arnel Pineda meets Journey's Steve Perry for first time

    For almost four decades, Arnel Pineda has always wanted to meet Journey's original frontman Steve Perry . While Neil Young was supposed to induct Pearl Jam into the Rock Hall, he will be unable to do so.

    Trump administration says Iran complying with nuclear deal

    The move resulted in speculation President Donald Trump's administration is trying to distance itself from Trump's hostile campaign-trail rhetoric on the deal.

    White House: Trump congratulates Erdogan after disputed win

    Germany, host to some 4 million Turks, said it was up to Erdogan himself to heal the rifts that the vote had exposed. Previously, he'd promised to "revisit" the European relationship once the referendum was out of the way.
  • Redknapp will be paid for Birmingham rescue mission

    It is three games in two weeks, massive games for us, it is a very hard situation we are in but I am looking forward to the challenge.
    Jennifer Lopez Performs with Ex Marc Anthony in the Dominican Republic

    Jennifer Lopez Performs with Ex Marc Anthony in the Dominican Republic

    The hot new couple, who have been dating for a little more than two months, even put together an egg hunt for their kids. The source added , "J.Lo and A-Rod were sitting next to each other at the table watching and having a great time".

    Stanley Cup playoffs three stars: Guentzel's hat-trick has Penguins eyeing sweep

    Forward Matt Calvert cross-checked Pittsburgh's Tom Kuhnhackl across the head with the game well out of reach late. Hornqvist received credit for the goal, which came with Kyle Quincey in the penalty box for interference.


Samsung's Bixby voice assistant won't work with the Galaxy S8 until Spring
According to Samsung Germany , a customer was provided with details of Bixby's arrival in the German language. Samsung told Express.co.uk that the feature will be pushed-out to UK Galaxy S8 owners later this year.

Why is Trump celebrating Turkey's democratic crisis?
Bulent Tezcan, deputy chairman of the Republican People's Party, announced the move at the Ankara offices of the electoral board. Some 2.3 million out of Turkey's 3 million voters overseas live in Germany, Austria, Belgium, France, or the Netherlands.

Jakarta votes amid fears of intimidation
Police have warned that any physical or psychological intimidation is illegal, while President Joko Widodo has called for calm. Basuki, universally known by his nickname Ahok, is a double minority; not just Christian but ethnic Chinese.

North Korea will regularly test missiles
He added that Japan needed to apply pressure on Pyongyang to "seriously respond to a dialogue" with the global community. Chinese Foreign Minister Wang Yi repeated China's line that the crisis could only be resolved by diplomacy.

Anzac Day in our region
Public Transport Victoria (PTV) is running a series of early trains, trams and buses to get people to the dawn services. This year's ANZAC dawn service will be the most accessible yet, with a new footpath constructed at Memorial Hill.