Is Snap Lying About Its Growth? An Ex-Employee Thinks So
00:32, Jan 8, 2017
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"Snapchat will not let anything stand in its way of an IPO, including its obligations to represent material facts accurately", the complaint states.
The suit specifically names several Snap executives, including Drew Boller, the company's vice president of finance; Jill Hazelbaker, its vice president of communications; and Brian Theisen, then its director of business opperations.
"Snapchat fraudulently induced Mr. Pompliano away from Facebook to run Snapchat's new user growth and engagement team by falsely representing to him, among other things, the Company's growth", writes attorney David Michaels in the complaint.
Snap, the parent company of the wildly popular Snapchat social media platform, is lying about its growth rate - at least according to a former employee who is suing the company.
Pompliano-who filed the complaint in confidential arbitration per his agreement with Snapchat-is seeking an injunction to prevent his former employer from making any false claims regarding his termination from the company.
In a heavily redacted complaint filed to the Los Angeles Superior Court this week, Pompliano says that he was sacked just three weeks into his job because he spoke out about the fudged numbers.
Snap is being sued by a former employee who claims he was sacked for raising concerns the maker of a popular messaging app was misleading investors with fake stats in the run-up to its initial public offering.
Pompliano was sacked after just three weeks because he raised concerns about the metrics with executives internally, according to the court document.
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The Debrief: Snapchat Inc have rejected the allegations and claims that they are 'totally made up by a disgruntled former employee'.
To cap it off, he says, after firing him in September 2015, Snapchat and its bosses have "sought to destroy his career and reputation by waging a smear campaign against Mr. Pompliano, by makes false representations concerning the circumstances of his termination". The lawsuit also offers a peek at the dirty underbelly of Snapchat's Facebook envy.
He says that since being fired, he has also lost out on other positions due to Snapchat's assertment that he was terminated for being incompetent.
One of the Biggest rivals of Facebook Inc. Snapchat then "aggressively recruited" him in July and August past year, offering him "a compensation package that he was told was "massive" and 'unprecedented, '" according to the complaint. "Stories" will encourage users to post stories about their lives as often as they could. "This is about a format, and how you take it to a network and put your own spin on it".
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For the president, the answer to that question is a press obsessed with minutiae and partisans obsessed with winning at any cost. Critics have bemoaned the fact that there was no retaliation or public upbraiding of Putin from Obama before Election Day.
Pollock said the agency did "not have any evidence at this time that indicates the data in the Portal has been compromised". The same spokesperson also said that the leaked information was only a part of one of the many databases it uses.
Ryan's production wasn't bad in his near two full seasons in Western New York as he finished 8-8 in 2015 and 7-8 this time around. Offensive coordinator Anthony Lynn was named the team's interim coach for the Bills' season finale against the New York Jets.
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