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Snapchat ex-employee claims company faked growth stats to boost value

05/01/2017

As Snapchat continues to prepare to go public, a former employee has come forward with alleged claims that the company has been faking (...)
As Snapchat continues to prepare to go public, a former employee has come forward with alleged claims that the company has been faking its growth numbers in order to artificially boost its worth. Variety reports that Anthony Pompliano, who until recently headed the company’s growth team, had filed a lawsuit in Los Angeles Supreme Court after Snapchat fired him only three weeks into his tenure when he refused to go along with its fraudulent plans. Pompliano previously held a similar position at nemesis Facebook. The lawsuit claims that in Pompliano’s own assessment, Snapchat hired him with the intent to obtain confidential and… This story continues at The Next WebOr just read more coverage about: Snapchat As Snapchat continues to prepare to go public, a former employee has come forward with alleged claims that the company has been faking its growth numbers in order to artificially boost its worth. Variety reports that Anthony Pompliano, who until recently headed the company’s growth team, had filed a lawsuit in Los Angeles Supreme Court after Snapchat fired him only three weeks into his tenure when he refused to go along with its fraudulent plans. Pompliano previously held a similar position at nemesis Facebook. The lawsuit claims that in Pompliano’s own assessment, Snapchat hired him with the intent to obtain confidential and… This story continues at The Next WebOr just read more coverage about: Snapchat
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