• News
  • Finance

Snapchat ratings plummet after Evan Spiegel's 'poor India' comment

Snapchat ratings plummet after Evan Spiegel's 'poor India' comment

On Monday, Snap Inc. - the parent company of Snapchat - dropped its efforts to keep the un-redacted complaint under seal and released it in a public filing. The former employee mentioned the exchange from a September 2015 meeting he had with Spiegel about the app's worldwide growth plans.

Anonymous Indian hackers claimed that they've leaked the data of 1.7 million Snapchat users which they hacked previous year. They've now apparently leaked the data on the darknet as a mark of resentment against Spiegel's comments and promise to do more damage until he apologizes. Meanwhile, Snapchat has rubbished the claims made by its former employee.

Despite Snapchat having said the claim is "ridiculous", people in India heavily criticized the company.

"Obviously Snapchat is for everyone!"

It's pretty clear that there's been a lot said and done over an allegation.




The reason is a viral global effort on social media in response to alleged comments made by Snap CEO Evan Spiegel, one of the youngest self-made billionaires in the world. Turns out that many people thought the campaign was against Snapdeal and started uninstalling the Snapdeal app.

Snap has reportedly filed a motion to force the case into arbitration, according to Variety. An article carried by Variety quoted a long statement by Anthony Pompliano, a former employee at Snapchat, triggering this social agitation in India. He also added that "I don't want to expand in poor countries like India and Spain".

However, what's important to note is that despite the poor customer ratings and backlash, it's not confirmed yet that Spiegal said anything about Snapchat being only for rich people.

Snapchat has gotten into a bit of mess with its users in India. The actual contents of the suit are about much more than Spiegel's alleged comments on countries like India and Spain, accusing the company of inflating crucial user metrics in advance of its IPO in 2015.

In a report Forbes published on Thursday, Facebook's photo-sharing app Instagram surpassed Snapchat in daily active users of "Stories" feature, though the format was first launched by Snapchat in 2013.

Leave Your Comment

Leave Your Comment


Latest News

  • Jimmy Fallon turns up on SNL as Jared Kushner, Donald Trump's son-in-law

    Baldwin then announced that Kushner will be staying on as his top adviser and calls on someone to "take [Steve] back to hell". Trump told the still-silent Kushner before retreating to a miniature version of his desk to play with a toy.
    Crystal Palace close on survival after comeback earns draw

    Crystal Palace close on survival after comeback earns draw

    Crystal Palace Possible XI: Hennessey, Ward, Kelly, Sakho, Schlupp, Cabaye, Milivojevic, Puncheon, Zaha, Benteke, Townsend. Diego Simeone intends to "squeeze the maximum" out of Atletico Madrid in the closing stages of the season.
    The End of Droughts with the New Solar Powered Device

    The End of Droughts with the New Solar Powered Device

    These devices work on a novel kind of material which could extract a large volume of water into its various number of pores. This all-purpose solution could make a big difference for the millions of people living in water-deprived areas.
  • Italy's Emma Morano, the world's oldest person, dies at 117

    Bava said he had last seen his patient on Friday when "she thanked me and held my hand", as she did every time he called on her. Her Eyesight did become very poor and she latterly spent much of her days sleeping.

    For Better Or Worse, Trump And GOP Now Own Health Care

    Last month, Caucus members voted against the American Health Care Act (AHCA), saying it did nothing to lower insurance premiums. Pelosi suggested that Republicans in Congress were aware of what they could get passed, her only fear was White House meddling.
    Leicester City to make tough choice between Europe and Premier League

    Leicester City to make tough choice between Europe and Premier League

    Crystal Palace have alternated between victory and defeat in their four home Premier League games against Leicester, keeping a clean sheet in each win and failing to score in each defeat.
  • Tesla's most economical drive, the Model S, just became more affordable

    Tesla's most economical drive, the Model S, just became more affordable

    The highest-performance Model S P100D will cost $141,200 (up $5,500), while the Model X P100D will cost $146,200 (up $9,500). Now that it's no longer being offered, Tesla is making some pricing and feature changes to the rest of its lineup.
    We Are A Nation Of Tax-Day Procrastinators

    We Are A Nation Of Tax-Day Procrastinators

    As of Monday, the IRS has already processed over 100 million individual returns and issued $229 billion dollars in tax refunds. The complainant said he learned about the tax deficiencies after examining the donut company's financial records for 2007.
    Supplier: Drug sold to Arkansas not intended for executions

    Supplier: Drug sold to Arkansas not intended for executions

    The state said it would return the drug, McKesson said, and the company issued a refund, but the drug was never returned. McKesson said it's considering "all possible means" to get the drug back, including legal action.
  • United States  'playing the terrorism game' in Syria warns Lavrov

    United States 'playing the terrorism game' in Syria warns Lavrov

    More than 320,000 people have been killed in Syria since the conflict began in March 2011 with anti-government demonstrations. Iran has provided crucial military and economic assistance to Assad throughout Syria's six-year civil war.
    Is Bannon in peril? Trump comments worry his populist base

    Is Bannon in peril? Trump comments worry his populist base

    Trump came in on that wave, too - and as long as he's still there, you should put off the celebration and keep up the resistance. That's despite the fact that Bannon took over as the campaign's CEO in August of a year ago .

    April the giraffe gives birth before online audience

    The shutdown didn't last long, however, and fervent April watchers were once again allowed their favorite Beckettian pastime. We can not retain offspring, as it would lead to incestuous mating and undermine the genetics of the program and species.
  • Lorde Shares New Music From Melodrama At Surprise LA Show

    Lorde Shares New Music From Melodrama At Surprise LA Show

    It's hard to believe that Lorde's last live performance, aside from her stint on SNL, was way back in December 2014. She busted out 'Green Light', 'Liability' and brand spankin' new one 'Sober' .
    Watch The First Trailer For Netflix's

    Watch The First Trailer For Netflix's "Dear White People"

    Dear White People is created by writer/director Justin Simien, and adapted from his 2014 satirical comedy film of the same name. The series stars Browning, Antionette Robertson, John Patrick Amedori , Wyatt Nash, Marque Richardson and Jeremy Tardy.
    EIA Forecasts Higher Gas Prices This Summer

    EIA Forecasts Higher Gas Prices This Summer

    Still, that imaginary average household would still save about $300 compared to average yearly spending on gas from 2012 to 2016. Gail Weinholzer, at AAA-Iowa, says pump prices are up about a nickel a gallon in the past week, but it's not due to the holiday.
  • Crude oil prices flat to start Monday, after rough overnight patch

    Crude oil prices flat to start Monday, after rough overnight patch

    The increasing production largely counteracted figures showing first quarter economic growth of 6.9 percent in China. West Texas Intermediate, the US benchmark for the price of oil, was down 0.2 percent to $53.07 per barrel.

    Cristie Kerr completes weekend comeback to win LPGA Lotte Championship

    A pair of bogeys on the front nine kept her out of the lead. "So I've been very excited and just grateful for the opportunity". Top-ranked Lydia Ko, looking for her first win since July, was tied for seventh at 9 under after a 65.

    Government: 36 Islamic State fighters killed by massive bomb

    President Donald Trump praised the USA military for carrying out what he called a "very, very successful mission". On Friday, the Afghan government said the USA strike had killed 36 of them, including a commander.

Breaking News



Recommended

Teenager loses leg after shark attack surfing Esperance WA

Wylie Bay Beach will be closed until further notice and the Department of Fisheries will spend Tuesday patrolling the beach. A 17-year-old girl has died following a shark attack near Esperance on the south-western coast of Western Australia.

Lyon players attacked by fans in Bastia

And incredible footage also showed a home STEWARD attacking Lyon defender Mouctar Diakhaby. "The players then huddled together".

Phil Jackson pulls welcome mat out from under Carmelo Anthony

In his first time addressing the press since September, Jackson said Friday that the Knicks and Anthony are no longer a fit. With that context, consider this obtuse quote from Jackson about how involved he will be with the Knicks next season.

Roberto Firmino delivers vital victor for Liverpool at West Brom

A rare chance for Pulis's side came with 12 minutes remaining as Jake Livermore dragged a shot well wide of Mignolet's goal. The Belgian was distracted by the slightest of touches by Emre Can, but Chadli should still have gobbled up the chance.

Judge continues power surge as Yanks beat Rays

The Rays extended their lead to 3-0 in the top of the fifth, but that changed dramatically over the next two innings. Higashioka, who made his debut in the ninth inning Monday, caught Montgomery 13 times in the minors previous year .

Health officials cite 5 new measles cases in Hennepin County

Most people in Minnesota are immune to measles either from having been vaccinated or from having had the disease. But in recent years there have been more , which is of great concern to public health authorities.

Morales' HR in 9th lifts Jays over O's 2-1, stops skid

Happ (0-2, 5.40 ERA) has allowed two home runs in each of his first two starts, including a 3-1 loss at Baltimore on April 5. The slumping Toronto offence used some small ball to try to kickstart a rally against right-hander Alec Asher (0-1).

Boris Johnson 'dismayed' by Russia's UN Syria veto

The Secretary of State described Russia's alleged involvement in the 2016 vote as a "serious issue" and "one that we know" about. Russia Wednesday vetoed a Western draft resolution on an alleged chemical attack in Syria's northwestern province of Idlib.

Sharks beat Oilers 3-2 in overtime in Game 1

Karlsson capped off a three-goal, come-from-behind win for the Sharks after the Oilers took an early 2-0 lead in the first. When it comes to the game, Gretzky feels the Oilers will learn from game one and improve as the series moves along.

N. Korean official: Ready for war if Trump wants it

Chinese President Xi Jinping called for a peaceful resolution to the North Korean problem in a telephone conversation with U.S. Leaders have grown increasingly frustrated with Kim Jong Un's regime for refusing to heed warnings over weapons testing.