Snapchat's CEO Evan Spiegel may have gotten the app into some trouble, as an un-redacted court complaint popped up. In the court complaint, a 2015 exchange between a former employee and the CEO was quoted.
According to the complaint, the CEO said Snapchat is "only for rich people." He allegedly also went on to say that he does not want Snapchat to "expand into poor countries like India and Spain." Since then, Snap Inc. has responded by denying the CEO's involvement in any manner with that conversation.
The company said the quote was a "publicity stunt" and that it was "ridiculous." The complaint was allegedly filed by Snapchat's former growth lead--Anthony Pompliano. In the complaint, Pompliano recalled a meeting he had with the CEO about potential international expansion for Snapchat.
The CEO allegedly responded by telling Pompliano that the app was only for wealthy people. Because of this, a drop in stock prices and app ratings followed.
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And in the meantime, check out Snapchat's newest update World Lenses where you can add filters to the world around you. Pretty cool.