While Indians are increasingly downloading Snapchat on their smartphones, the company’s CEO feels India is “too poor” to seriously consider expanding its user base.
According to a report by Variety , the disparaging comment was made by the CEO of Snapchat, Evan Spiegel, allegedly during a meeting to discuss the growth of the app’s user base in 2015.
When an employee raised concern about the app’s slow growth in a market like India which has a growing mobile penetration, Spiegel cut the employee mid-sentence saying, “This app is only for rich people,” Spiegel said, Variety quoted the employee’s revelation. “I don’t want to expand into poor countries like India and Spain.”
http://economictimes.indiatimes.com...o-consider-expansion/articleshow/58194373.cms
The Indians on the social media apparently aren't too pleased with this quote of Snapchat's CEO
According to a report by Variety , the disparaging comment was made by the CEO of Snapchat, Evan Spiegel, allegedly during a meeting to discuss the growth of the app’s user base in 2015.
When an employee raised concern about the app’s slow growth in a market like India which has a growing mobile penetration, Spiegel cut the employee mid-sentence saying, “This app is only for rich people,” Spiegel said, Variety quoted the employee’s revelation. “I don’t want to expand into poor countries like India and Spain.”
http://economictimes.indiatimes.com...o-consider-expansion/articleshow/58194373.cms
The Indians on the social media apparently aren't too pleased with this quote of Snapchat's CEO
