Snapchat CEO said app is not for ‘poor countries like India’
A Snapchat ex-employee has alleged that the company’s CEO Evan Spiegel was not interested in expanding the business in ‘poor countries like India’ as recently as 2015.
American website Variety quoted the former employee Anthony Pompliano as saying that Spiegel told him this during a meeting in 2015.
“This app is only for rich people,” Spiegel said, according to Pompliano. “I don’t want to expand into poor countries like India and Spain.”
And this, at a time when Silicon Valley giants such as Google, Facebook, Amazon, Microsoft and Tesla are looking to generate new revenue streams from India by offering innovative services and offline apps.
India is currently going through a mobile and data revolution. It is not only the second largest smartphone market in the world but also the faste...