Former Snapchat employee Anthony Pompliano has opposed Snap's motion to seal his lawsuit. He claims that Snap lied to investors about its user metrics.
Snapchat. Snapchat has skyrocketed in the realm of the stock market. The stock is currently worth twenty two dollars and five cents a share. The market capital of the company is twenty six point zero five billion. It has been in the top 100 apps downloaded on the app store for quite a few years now. Almost anyone in their teens to early twenties who has a smart phone has the Snapchat app installed. Even if you do not have the app, you have seen your kids making funny faces and taking many pictures with the various filters. But according to this former employee, Snapchat may be lying about their numbers and current standings. Anthony Pompliano was once a former employee of the company and he claims to have documents showing their numbers differ from the ones presented to investors and to the general public. He claims that he was fired from the company for presenting the numbers he had found. The public will be able to see these documents after they are presented at the trial this Tuesday. He is also was a former employee of Facebook. Pompliano claims that Snapchat originally hired him to gain competitive intelligence on one of their biggest competitors. Facebook stock is worth one hundred forty one dollars and sixty eight cents. According to this employee Snapchat is willing to do anything to get ahead and according to statistics, the company has a lot of growing to do to compare to Facebook.












