Fired Snap Employee Sues, Saying Company Inflated Growth Stats
- Snap says the complaint ‘has no merit’ and is ‘made up’
- Parent of Snapchat plans to hold IPO as soon as March
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Snap Inc. was sued by a former employee who says the company, parent of the Snapchat social-media app, was inflating growth metrics ahead of a planned initial public offering.
Anthony Pompliano, who was hired from Facebook Inc. in 2015 to focus on user growth and engagement, said he was fired after he refused to go along with the figures that made the company look better than it actually was, according to a complaint filed Wednesday in Los Angeles County Superior Court. The court document redacts information about the disputed metrics.