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Ex-Employee Says Snapchat Inflating Growth Metrics

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Former Snapchat Employee Alleges Company Inflated Growth Metrics

Former Snapchat Employee Alleges Company Inflated Growth Metrics*/

– Snapchat has been sought after by venture capitalists and fund managers as a highly attractive investment opportunity.However, a lawsuit filed by an ex-Snapchat employee alleges the company misled him and some investors along the way.In a lawsuit filed in the Los Angeles County Superior Court on Wednesday, Anthony Pompliano, who joined Snapchat’s business operations team in August 2015, said the company inflated key growth metrics as it was recruiting him from Facebook.
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An Ex Employee Is Suing Snapchat For Lying About Growth To Investors

An Ex Employee Is Suing Snapchat For Lying About Growth To Investors*/

– Alyss Bowen | Social Media Editor | 2 days agoAn Ex Employee Is Suing Snapchat For Lying About Growth To Investors The Debrief: Snapchat Inc have rejected the allegations and claims that they are ‘totally made up by a disgruntled former employee.’Snapchat is in deep water after an ex-employee claims he was fired three weeks into his contract for revealing information that the company was misleading investors by driving up their metrics.Anthony Pompliano, who has been accused of being a whistleblower, previously worked at Facebook before Snapchat poached him to head up their new user growth and engagement team.He is suing the social media giant for ‘misrepresentation preventing a former employee from obtaining employment.’ The lawsuit also alleges that he was hired away from Facebook, so Snapchat could obtain confidential information about Facebook’s business.
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Ex-Employee Says Snapchat Inflating Growth Metrics

Ex-Employee Says Snapchat Inflating Growth Metrics*/

– As Snapchat is gearing up for its initial public offering, a former employee of the company is alleging it has been misleading its investors in order to drive up its value, according to a report from the Hollywood Reporter.A complaint filed by ex-Snapchat employee Anthony Pompliano against the company accuses its leadership of greed and claims he was dismissed just weeks after leaving his position at Facebook to join the company because he refused to participate in the company’s “institutional pandemic” of misrepresentation.Pompliano spent three weeks at Snapchat, where he was brought in to run the new user growth and engagement team.
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