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Snap, which was once seen as a viable competitor to Facebook, is struggling after the CEO ignored warnings about a redesign that proved unpopular. With usership and the share price falling, analysts and employees are raising questions about whether his trust-your-gut management instincts can help pull the company through.
During an interview at Business Insider’s IGNITION conference in New York Nick Bell, Snapchat’s VP of Content, explains how Evan Spiegel sold him on Snapchat. The following is a transcript of the video. Alyson Shontell: You know him better than anyone in this room. Evan Spiegel has been compared to Steve Jobs, Picasso…people wonder if he is the next […]
Charley Gallay/Getty Images Friends of Snap executives might already have booked a 60% profit on an investment in the company’s shares thanks to its decision to set aside some of the stock in its IPO for them. The company raised $ 3.4 billion in an initial public offering this week, and its shares have popped 60% from […]
Charley Gallay/Getty Images Friends of Snap executives might already have booked a 60% profit on an investment in the company’s shares thanks to its decision to set aside some of the stock in its IPO for them. The company raised $ 3.4 billion in an initial public offering this week, and its shares have popped 60% from […]
