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January 6, 2017

Lawsuit claims Snap Inc. hasn’t been honest about its pre-IPO performance metrics

Snapchat co-creators Evan Spiegel and Bobby Murphy Against the backdrop of an imminent public offering, one former Snap Inc. employee is claiming in a lawsuit that the company inflated its performance metrics to lure investors.
Anthony Pompliano, the one-time head of Snap’s growth and user engagement team, is seeking an injunction and monetary relief after being fired just three weeks into his tenure. Mr. Pompliano, now a venture… Read More

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