New Delhi, April 15: While social media giants like Facebook, Instagram and Twitter are expanding their business in India considering huge userbase, Snapchat CEO is living in his own world considering India "too poor" for its application.
Snapchat CEO Evan Spiegel made a controversial or rather arrogant comment about poor countries saying "this app is only for rich people".
During a meeting held for discussing the growth of app's user base in 2015, an employee raised concern about the app’s slow growth in a market like India which has a growing mobile penetration.
However, Spiegel didn't consider the thought worth hearing and 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.”
His comments came at a time when India is getting digital with tech giants investing into the market expecting huge returns in 2020.
The employee Anthony Pompliano is already engaged in a lawsuit against the company as he accused Snapchat of misleading investors.
He alleged that Spiegel stormed out of the meeting after making this comment.
Snapchat had reportedly 4 million users in India in the year 2016. The number is expected to have grown since then.
However, these comments by Snapchat CEO can have a negative impact on Indian users.