India too poor for Snapchat

Snapchat CEO Evan Spiegel said India is too poor a country to expand its business to, a former employee of the company has alleged in a lawsuit.

The former employee, Anthony Pompliano, alleges that the comment was made in a 2015 meeting discussing user growth, where Spiegel reportedly said, “This app is only for rich people. I don't want to expand into poor countries like India and Spain.“ Variety magazine reported the comment earlier this week, when Pompliano's allegations against the company were made public.

Snapchat is an ephemeral photo and video-sharing app.Here, pictures and videos posted publicly or sent to a recipient vanish within a defined number of seconds. In the last quarter of 2016, the company claimed having 161 million daily active users. Pompliano sued the company in January this year, challenging the growth numbers it claimed, saying Snap Inc. has been misleading its investors. He worked at the company for three weeks before being fired.

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