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February 2, 2017

Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit

This Thursday, Oct. 24, 2013 file photo shows Snapchat CEO Evan Spiegel in Los Angeles. Snapchat, the disappearing-message service, has been quiet following a security breach that allowed hackers to collect the usernames and phone numbers of millions of its users. Snapchat said Thursday, Jan. 2, 2014 that it is assessing the situation, but did not have further comment. Earlier in the week, hackers reportedly published 4.6 million Snapchat usernames and phone numbers on a website called snapchatdb.info, which has since been suspended. (AP Photo/Jae C. Hong) Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the process.
The details were made public for the first time in… Read More

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