Connect with us

Latest News

Snapchat CEO Denies ‘India Is Poor And The App Is For Rich’ Comment!

Published

on

anthony pompliano, ceo, social media influencers, evan spiegel, evan spiegel controversy, snapchat stories denial, denies statement, evan spiegel, india is poor, snapchat, indian, startups, Snapchat denies CEO Evan Spiegel india a poor country remark

Snapchat Inc. CEO Evan Spiegel now, denies on his comments after his ex-employee made allegations on him that he commented Snapchat to be an “app for rich people” and India is a not profitable market for Snapchat expansion as it is a poor country.

A twenty-page document, filed by an ex-employee of Snapchat, Anthony Pompliano, presented an extract which exposed the style of work. He sued the company on the work style which was being carried out under Evan’s Supervision was questionable and is uncertain. The extract of the allegation is that the CEO of Snapchat Evan Spiegel reacted Saying this app is only for rich people. I don’t want to expand into poor countries like India and Spain.”, On being said that the performance of Snapchat in Foreign Markets is poor.

Snap Inc., with official documents, opposed the claims and further said, “This is ridiculous. Obviously, Snapchat is for everyone! It’s available worldwide to download for free.”

There was also a clarification released to the press on Pompliano’s Section with regards to the allegation that Snapchat were showing inflated numbers to its investors. “In the notice, we filed with the court when we unsealed Pompliano’s original complaint (attached), we wrote: ‘Snap did not give investors misstated user metrics back in 2015; nor did Snap employees commit any of the panoplies of alleged bad acts that litter Pompliano’s complaint. Snap will demonstrate as much at the appropriate time in the appropriate forum’,” says the statement.

It was stated that Evan, traveled to speak at the Economic Times Startup Awards in 2015, and also is a leading Entrepreneur, especially in India.

Pompliano’s Statement disturbed a considerable number of Snapchat users from India, carrying the hashtag BoycottSnapchat basing on social networking sites, provoking the users to rate the app with one star and uninstall the app to show opposition. As a result of people’s reaction to defend their nation from a statement which is not proved by the court of law, the app ratings fell short instantly. The Google Play store showed one-star ratings in a big number for snap chat and the Indian Users’ comment threads countered his statement.

A few users also commented on the portals which said that India is hard geography for monetising. “A true but hard fact is that the Indian market does not monetize well! Average revenue per user is way too low in comparison to the cost of acquiring a customer,” says Facebook user Ravindra Sonavane. This opinion, somehow, could not influence the snapchat users. Evidently, many users are participating in the protest.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Dwoigjxg

    May 28, 2025 at 1:40 am

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplayBonus offer

Leave a Reply

Your email address will not be published. Required fields are marked *

Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

Published

on

Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

Continue Reading

Latest News

PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

Published

on

PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

Continue Reading

Latest News

Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

Published

on

Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

Continue Reading
Advertisement

Recent Posts

Advertisement