What did the ceo of snapchat say

Published Tue, Oct 19 2021 6:40 PM EDTUpdated Wed, Oct 20 2021 11:24 AM EDT

  • Snap CEO Evan Spiegel said that regulation is not a substitute for the moral responsibility social media companies have over their services.
  • Spiegel's comments appeared to be a shot at rival Facebook, which has been wrapped in controversy over the past month after a former employee leaked numerous internal documents.
  • Snap is building a family center feature for parents and their children, Spiegel said.

CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho.

Kevin Dietsch | Getty Images

Snap CEO Evan Spiegel on Tuesday said that regulation is not a substitute for the moral responsibility that social media companies have over the content shared on their services.

"The important point to make is that regulation is not a substitute for moral responsibility and for business practices that support the health and well being of your community," said Spiegel, speaking at the Wall Street Journal Live Conference.

Spiegel's comments appeared to be a shot at rival Facebook, which has been wrapped in controversy over the past month after a former employee leaked numerous internal documents. Among those files were slides that showed Facebook was aware that its Instagram service was harmful to teenagers' mental health, according to the Wall Street Journal.

In its responses to these documents, Facebook CEO Mark Zuckerberg on Oct. 5 called on Congress to update internet regulations. In particular, Zuckerberg said Congress should determine what age teens should be allowed to use internet services, how tech companies should verify users' ages and how companies should balance giving kids privacy while giving parents visibility to their children's online activity.

But regulation happens far too late, Spiegel said on Tuesday.

"Regulation certainly may be necessary in some of these areas," Spiegel said. "Other countries have made strides in that regard. But again, unless businesses are proactively promoting the health and well being of their community, regulators are always going to be playing catch up."

In response to the leaked documents and the public reaction, Facebook last month said it would pause its development of a version of Instagram designed for kids 13 and younger.

Asked if Snap had any plans to develop something similar, Spiegel said no, but he did say that the company is building a family center feature for parents and their children.

"We basically have a family center so that young people and their parents can use Snapchat together, so parents have more visibility into who their friends are [that they are] talking to on Snapchat, their privacy settings, and things like that," Spiegel said. "That at least helps start a conversation between young people and their parents about what they're experiencing on our service."

Asked why Snap hasn't experienced the same type of issues with teenagers' mental health as Facebook and Instagram are dealing with, Spiegel said Snapchat is fundamentally different. When a user launches Snapchat on their phone, the app opens up to a camera rather than a feed of content from other users.

"Rather than opening up into a feed where you're constantly comparing yourself to other people and whether or not they got likes or comments and things like that, you're opening up into your own experience and prompted to express yourself and share and connect with your friends and family," Spiegel said.

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Synopsis

According to a report in Variety Magazine, the comment was made by CEO Evan Spiegel during a meeting to discuss the growth of the app’s user base in 2015.

While Indians are increasingly downloading Snapchat on their smartphones, the company’s CEO feels India is “too poor” to seriously consider expanding its user base.

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According to a report by Variety, the disparaging comment was made by the CEO of Snapchat, Evan Spiegel, allegedly during a meeting to discuss the growth of the app’s user base in 2015.

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When an employee raised concern about the app’s slow growth in a market like India which has a growing mobile penetration, Spiegel cut the employee mid-sentence saying, “This app is only for rich people,” Spiegel said, Variety quoted the employee’s revelation. “I don’t want to expand into poor countries like India and Spain.”
India is a rapidly growing market with Internet penetration expected to grow 2.5 times by 2020, with mobile leading the race. It is these numbers which are driving tech giants like Amazon and Uber and investors like Masayoshi Son and Jack Ma to invest billions of dollars in the country.

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Snapchat unredacted lawsuit by gmaddaus on Scribd

The employee Anthony Pompliano, who is currently engaged in a lawsuit against Snapchat after he accused the company of misleading investors by providing inflated statistics about user data, said Spiegel stormed out of the meeting after making this comment.

According to unverified reports, Snapchat had close to 4 million users in India last year. While though the exact user base is not available, this number is expected to have grown since then. In comparison, Whatsapp has close to 200 million users in India.

The comment is part of the allegations made public on April 10, according to Variety, after Snapchat gave up on its efforts to keep the complaint redacted. Variety reports Pompliano , who was hired from Facebook to increase the company’s user base, was fired by Snapchat later.

The company has officially responded to this story and here is what the spokesperson shared:

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"This is ridiculous. Obviously Snapchat is for everyone! It's available worldwide to download for free." Also, in the notice we filed with the court when we unsealed Pompliano's original complaint (attached), we wrote:

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"Snap did not give investors misstated user metrics back in 2015; nor did Snap employees commit any of the panoply of alleged bad acts that litter Pompliano's complaint. Snap will demonstrate as much at the appropriate time in the appropriate forum."

"Those words were written by a disgruntled former employee. We are grateful for our Snapchat community in India and around the world."

( Originally published on Apr 15, 2017 )

AmazonMasayoshi SonJack MaWhatsAppUberSnapchatEvan spiegelAnthony Pompliano

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NEXT STORY

Now, this is a piece of news for Snapchat users in India. Snapchat CEO, Evan Spiegel, feels that you are too poor to use his "rich people's app".

According to a report by Variety, Spiegel allegedly made the comment during a meeting to discuss the growth of the app’s user base in 2015. 

TechCrunch

When an employee raised concern about the app’s slow growth in a market like India, which has a growing mobile penetration, Spiegel cut the employee mid-sentence reportedly saying, “This app is only for rich people."

Variety quoted the employee’s revelation about Spiegel's reply: “I don’t want to expand into poor countries like India and Spain.” 

According to unverified reports, Snapchat had close to 4 million users in India last year. While though the exact user base is not available, this number is expected to have grown since then.

Following the controversy and massive outrage online Snapchat said employe who made the claim, Anthony Pompliano was "fired for poor performance," three weeks ago and has been involved in in a lawsuit with the company.

"This is ridiculous. Obviously Snapchat is for everyone! It's available worldwide to download for free," an international spokesperson of Snap said in a statement. 

"Those words were written by a disgruntled former employee. We are grateful for our Snapchat community in India and around the world," the statement added.

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