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Does Snapchat's CEO Need to Go?

finance.fortune.cnn.com

11–20 of 93 posts

Re: Does Snapchat's CEO Need to Go?

#11

apology? these are two kids from Stanford who made a fun project and it just so happen to take off. Give them a break, their team of less than 5 people could careless what the public thinks!

Lawsuits don't care what you are, but they tend to happen to startups and business which have cash on the balance sheet. This is no joke. Investors have a fiduciary duty to their LPs, and even if its the wrong move, a managerial "change" transmits investor diligence to the LPs.

Re: Does Snapchat's CEO Need to Go?

#12
post #10

Earlier quoted context omitted.

Snapchat isn't a "project" anymore. It's a business.

that turned down a $3b sale. staggering that this call was made.

For an application that... does what? Shares short-lived picture/video messages?

Maybe I don't quite get Snapchat, but color me unimpressed.

Re: Does Snapchat's CEO Need to Go?

#13
post #2

its funny how when things go wrong in private companies, how quickly the general public thinks they can weigh in on how someone needs to stay with that entity. Imagine building something and losing your influence over it to the rest of the world.

[deleted]

Re: Does Snapchat's CEO Need to Go?

#14

apology? these are two kids from Stanford who made a fun project and it just so happen to take off. Give them a break, their team of less than 5 people could careless what the public thinks!

I think this is exactly why there are concerns. People probably don't want a service relaying 400m message daily to be run carelessly.

Re: Does Snapchat's CEO Need to Go?

#16
post #9

Earlier quoted context omitted.

Snapchat isn't a "project" anymore. It's a business.

It's a business that doesn't have any business.

What you say is true.

The important aspect is that the "project" has millions of dollars in investment and employees. Thus, they are accountable to investors and employees who may care about what the public thinks.

Re: Does Snapchat's CEO Need to Go?

#17
post #3

Where does media punditry get off on making absolutist calls for heads to "roll"? I mean, imaging if random non-experts had a journalist fired for every failed-prediction or embarrasingly wrong policy analysis penned in an op-ed? There would be no journalists left !

Accuracy is not the point. It's sensationalist and it gets clicks, which generate money for the website. Why would you fire your most profitable content generators (i.e. journalists)? That would be insane.

Re: Does Snapchat's CEO Need to Go?

#19
It's a little strange how much vitriol that article contains. It's as if the author is just itching for someone to finally put one of those 20-something entrepreneurs who didn't have to climb the corporate ladder for decades in his place.
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