Although Snapchat is leading the social media platform among the Indians, Snapchat co-founder and CEO Evan Spiegel believes that countries like India and Spain are “too poor” for Snapchat to consider investing in.
“This app is only for a rich peoples. I don’t want to expand in poor countries like India and Spain” Evan said.
According to Variety, Spiegel’s comment came into spotlight when Snapchat’s ex-employee against the company were made public on April 10. Snapchat gave its efforts to retain the edited complaint.
In an complaint, Anthony Pompliano said that “Spiegel made the comment when asked about Snapchat’s scant growth in the markets like India, where there was a growing penetration.
He has also accused Snapchat for misleading its investors by presenting exaggerated statistics on users data.
Anthony Pompliano was hired from Facebook to expand the users base for Snapchat.