bangbangtech.com
bangbangtech.com March 24, 2017


Ex-Employee Sues Snapchat, Claims the Company Has Been Faking Growth Numbers

08 January 2017, 12:31 | Felicia Christensen

The potential reallocation dollar shift. Source hootsuite

The potential reallocation dollar shift. Source hootsuite

In the lawsuit filed on Wednesday in a California court by Anthony Pompliano, who earlier worked with Facebook Inc, also alleged he was sacked for being a whistleblower, the magazine reported.

"Snapchat will not let anything stand in its way of an IPO, including its obligations to represent material facts accurately", the lawsuit claims.

Pompliano claims that after alerting executives to the practice, he was sacked in retaliation and was then made the target of a "smear campaign" to ruin his reputation and undermine his claims about the falsified numbers.

Pompliano filed additional claims against Snap in arbitration, as mandated by his employment agreement with the company, but is suing in court in hopes of persuading a judge to order Snap to stop lying about the nature of his termination. According to Los Angeles Times, the former employee also alleged that the company forced him to reveal secrets about his time at Facebook. The suit also alleges Snapchat only hired Pompliano for the "nefarious goal of obtaining Facebook's confidential and proprietary information" and has since "sought to destroy his career and reputation". It's unclear which metrics Pompliano claims were being misrepresented because the complaint is heavily redacted. According to the complaint, Snap has told employees and social media executives that Pompliano was incompetent, hindering his ability to find a new job.

Pompliano alleges that because his the "truth" concerning his termination would be so "potentially damaging to Snapchat's planned IPO, terminating him wasn't enough to ensure that the public was kept in the dark".

Sentieo SNAP revenue drivers and assumptions. Sources are in the excel file
Sentieo SNAP revenue drivers and assumptions. Sources are in the excel file

Pompliano was employed by Snap Inc, owner of Snapchat, in 2015 and placed on the business operations teams focused on growth and user engagement.

"It is totally made up by a disgruntled former employee", she said.

Snap and Facebook are locked in battle for the attention of consumers and advertisers.

One of the Biggest rivals of Facebook Inc.

Snap Inc. started talking about its IPO as early as March, last year. In the past couple of years, Facebook has shamelessly ripped off some of Snapchat's most popular features, like ephemeral stories, and implemented them into Facebook properties, namely Instagram. When asked to confirm if that was the case, he said: "They deserve all the credit", insisting that "This isn't about who invented something".




Other News

Trending Now

Jimmy Butler drains game victor at the buzzer vs Nets
A couple days prior, Hoiberg had agreed with the assessment that the Bulls were reaching a crossroads. Cody Westerlund is a sports editor for CBSChicago.com and covers the Bulls.

Chibok Girls No new girls released - Presidency
He added that security would be tightened around Chibok throughout the girls' stay in the town to forestall any breach. The presidency has explained that the 21 Chibok girls that were reportedly released on Thursday, are not a new set.

JonBenet Ramsey's brother reportedly sues CBS over TV special
The six-year-old was found bludgeoned and strangled in the family's Boulder, CO basement the day after Christmas. The 6-year-old girl was reported missing the morning of December 26, 1996.

Texans beat Bengals just like they won the AFC South -- ugly
The Bengals players, especially on defense, certainly weren't happy about the missed kick and missed opportunity to win the game. Blue had 73 yards on 21 carries in relief of Lamar Miller , who missed the game with an ankle injury.

Quentin Snider etches career night into Louisville-Kentucky legend
His lone success from long-range came with 11 seconds left in the game when he pulled the visitors within a point at 71-70. Maybe 12 fastbreak points seem like a lot for some teams, but six transition layups is just a good start for these Cats.

Alabama offensive coordinator Lane Kiffin stepping down
Now it will be someone new - in the last game of a season. "I felt like that's best last defense in football I'd ever seen'". Should Alabama go on to win its second straight national title, Kiffin's ouster will only be a footnote in the 2016 season.

Facebook data requests from governments jumped 27pc in 2016
In addition to government requests for user data, the report details which content Facebook restricts for violating local laws. The requests from various governments worldwide increased from 46,710 to 59,229.

Russia: All causes for plane crash being eyed -- including terror
Viktor Gorbachev, head of the Aeroflot Civil Aviation Association, said the plane may have experienced a power outage in-flight. Still, since 1994 there have been 17 major plane crashes involving the Tu-154 that have killed over 1,760 people.

Brent Oil paused by the Crude Oil Inventories release December 29, 2016
The "news stream is light and moves seem to be more about position adjustments rather than the emergence of new drivers", he said. Oil prices were little changed Thursday ahead of weekly data on USA oil inventories, which are expected to shrink.

From celebrations to resolutions: New Year's Eve by the numbers
Gomez said there would be almost 7,000 officers in the Times Square area leading up to the Waterford crystal ball drop. The bulletin goes on to state there are no specific or credible threats to the annual Times Square celebration.