There are other warning signs that Snap may be in trouble. According to Recode, 10 executives who reported directly to Evan Spiegel have left Snap since mid-2017. The founder and CEO is reportedly very difficult to work for, which has led to a level of executive turnover that BTIG analyst Rich Greenfield called “simply shocking.”
Snap also has a spotty history with government regulators. In 2014, Snap agreed to settle with the FTC that it had been deceiving its users about the “disappearing nature” of its Snaps. Snap was required to implement stronger privacy measures and agreed to be monitored by an independent party for the next 20 years. Also, the DOJ subpoenaed Snap in Nov. 2018, as part of an ongoing investigation into whether Snap manipulated its IPO.Big Boss vote Big Boss voteMyna nandhini
Snap also has a spotty history with government regulators. In 2014, Snap agreed to settle with the FTC that it had been deceiving its users about the “disappearing nature” of its Snaps. Snap was required to implement stronger privacy measures and agreed to be monitored by an independent party for the next 20 years. Also, the DOJ subpoenaed Snap in Nov. 2018, as part of an ongoing investigation into whether Snap manipulated its IPO.Big Boss vote Big Boss voteMyna nandhini
