A comment allegedly made by Snap Inc.’s chief executive two years ago has caused a massive uproar in India, with many Indian Snapchat users deciding to delete the app in protest.
“This app is only for rich people,” CEO Evan Spiegel allegedly said in 2015 according to a former employee as part of a recent lawsuit. “I don’t want to expand into poor countries like India and Spain.”
The risk that investors take when shelling out funds for startups is never a joke. Oftentimes, many would see it as just another bet in a game that only the 1% can play, but the truth is, no decision involving money ever comes easy.
Such is the case for Snapchat’s earliest investors. Lightspeed Venture Partners was the first venture capital firm that invested in Snapchat, which today makes headlines after Snap Inc., its parent company, filed a $3 billion IPO last week.
V-necks are usually a great choice for most tech entrepreneurs. The shirts can add a fashionable bit of “sex appeal” (if you can even call it that) to techies’ typically lanky and ghostly pale bodies.
However, there is one critical word of caution about wearing V-necks that few know about — over-wearing your V-neck, particularly in the sun, can lead to disastrous consequences. You must never let this happen:
As if being a boy billionaire and founder of Snapchat wasn’t enough, Evan Spiegel is also going for the title of playboy as he was caught making out with model Miranda Kerr at a bar near Snapchat’s headquarters in Venice, California by the gossip rags.
Spiegel, who at 25 has a net worth of $1.5 billion, making him one of the youngest billionaires in the world, is seven years younger than Kerr, 32. An observer told Us Weekly that the two “sat at a bar and were making out. They were really into each other.”
According to Snapchat founder and CEO Evan Spiegel, the future is vertical, which means those who are watching or shooting videos horizontally are missing the latest memo.
Mobile filming has created problems for many people because phones are vertically aligned, whereas video has traditionally been framed horizontally. Because many of its users are already shooting their snaps vertically, and because the company wants to make full use of the mobile screen real estate — especially for advertisements — Snapchat is now pushing for vertical framing on all snaps, according to Adweek.