Skip to content

Here’s Snap CEO Evan Spiegel’s Internal Memo to Staff in Full

Video player cover image
What Does Snap's Profit Warning Signal for Growth?

Social media stocks were sent spiralling downward after Snap Inc. cut revenue and profit forecasts below the low end of its previous guidance. The company’s shares plunged 29%, which dragged down stocks of other social media companies reliant on advertising. Snap CEO Evan Spiegel sent staff an internal memo warning of a hiring slowdown in response to a “challenging macroeconomic environment.”

Here’s the memo, in full: