Snapchat Stock Falls as Alleged CEO Comments on India
Shares of Snap fell 1.5 percent as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritising growth in India and Spain because they were "poor" countries.
The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion public listing that was the hottest by a technology company in three years.
Twitter users using the #boycottsnapchat hashtag called for uninstalling the Snapchat app after a legal document unsealed last week alleged that Snap Chief Executive Evan Spiegel in 2015 said he was uninterested in prioritising growth in India and Spain because they were "poor".
The legal document filed in a Los Angeles state court concerns claims made in a lawsuit filed by an employee who left the company...