Snapchat CEO

Embed Size (px)

Citation preview

  • 8/12/2019 Snapchat CEO

    1/6

    Snapchat CEO Mortified by Leaked Stanford

    Frat E-Mailshttp://www.bloomberg.com/news/2014-

    05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.htmlSnapchat Inc. Chief Executive Officer Evan Spiegel

    apologized for e-mails he sent during his fraternity

    days that celebrated getting drunk and convincing

    sorority women to perform sexual acts.

    Theprofanity-laced e-mailswere published yesterday

    by Gawker Media LLCs Valleywag blog and mostly

    related to Spiegel organizing Stanford Universityfraternity parties for Kappa Sigma in 2009 and 2010.

    In one missive, Spiegel recounts being so drunk he

    peed on a woman in bed with him.

    Im obviously mortified and embarrassed that my

    idiotic e-mails during my fraternity days were made

    public, Spiegel said in an e-mailed statement

    yesterday. I have no excuse. Im sorry I wrote them at

    the time and I was jerk to have written them. They in

    no way reflect who I am today or my views towardswomen.

    The disclosure of the e-mails is the latest growing pain

    faced by Spiegel, 23, whose Los Angeles-based

    company makes a mobile application for disappearing

    photo messages. Spiegel last year turned down an

    acquisition offer from Facebook Inc. for about $3

    billion and has been working to build the business. Yet

    he has encountered snafus, including apologizing inJanuary for a data breach. Earlier this month, Snapchat

    settled claims by the U.S. Federal Trade Commission

    that it deceived users by falsely promising its photo

    messages disappeared.

    http://www.bloomberg.com/news/2014-05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.htmlhttp://www.bloomberg.com/news/2014-05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.htmlhttp://www.bloomberg.com/news/2014-05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.htmlhttp://www.bloomberg.com/news/2014-05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.htmlhttp://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://www.bloomberg.com/news/2014-05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.htmlhttp://www.bloomberg.com/news/2014-05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.htmlhttp://www.bloomberg.com/news/2014-05-28/snapchat-ceo-mortified-by-leaked-stanford-frat-e-mails.html
  • 8/12/2019 Snapchat CEO

    2/6

    Future Business

    Spiegels comments may endanger the companys

    chances with advertisers once Snapchat develops itsbusiness model, said Eric Schiffer, chairman of

    Reputation Management Consultants, who advises

    companies on how to handle their online reputations.

    I think he needs to go a lot further than just

    apologizing and I think he needs to step down,

    Schiffer said. Is a Coca-Cola or a Procter & Gamble

    or a Pepsi, which has a female CEO, going to want to

    put millions of dollars into a company when the seniorleader talks about women like cattle?

    Mary Ritti, a spokeswoman for Snapchat, declined to

    comment on Spiegels job status.

    Spiegel has hired an executive from Google Inc. to

    take charge of security issues, as well as a lobbyist to

    educate policymakers about his company. Snapchats

    popularity has continued to grow, with people nowsending more than 700 million disappearing snaps a

    day and more than 500 million stories viewed daily,

    the company has said.

    Executives Pasts

    Spiegel isnt the only technology executive to have to

    respond to actions from months or years back. MozillaCorp. CEO Brendan Eich stepped down in April after

    being criticized for donating money to an anti-gay-

    marriage group in 2008. That same month, RadiumOne

    Inc. CEO Gurbaksh Chahal was fired after he pleaded

    guilty to two misdemeanor battery counts against his

  • 8/12/2019 Snapchat CEO

    3/6

    girlfriend from an incident eight months earlier.

    I worry about a world in which everyone is going to

    be judged by what they said privately to their friends

    while drunk and in college, said Irina Raicu, directorof the Internet Ethics Program at Santa Clara

    University. Here, its a really difficult situation

    because hes not that far removed from those days and

    the e-mails are awful.

    Snapchat, born in 2011 in Spiegels fraternity house,

    has raised funding from investors including

    Institutional Venture Partners, General Catalyst,

    Benchmark, Lightspeed Venture Partners, and SV

    Angel. The investors either declined to comment or

    didnt respond to requests for comment.

    Stanford Condemns Snapchat CEOs

    E-Mails in Message to Studentshttp://www.bloomberg.com/news/2014-05-30/stanford-condemns-snapchat-ceo-s-e-mails-in-message-to-students.htmlStanford Universitysent a message to

    undergraduates condemning e-mails sent

    by Snapchat Inc. Chief Executive Officer

    Evan Spiegel when he belonged to afraternity at the school.

    Thee-mailsfrom 2009 and 2010, which

    celebrated getting drunk and convincing

    sorority women to perform sexual acts,

    were published by Gawker Media LLCs

    http://topics.bloomberg.com/stanford-university/http://topics.bloomberg.com/stanford-university/http://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://valleywag.gawker.com/fuck-bitches-get-leid-the-sleazy-frat-emails-of-snap-1582604137http://topics.bloomberg.com/stanford-university/
  • 8/12/2019 Snapchat CEO

    4/6

  • 8/12/2019 Snapchat CEO

    5/6

    towards women.

    Mary Ritti, a spokeswoman for Snapchat,

    declined to comment. Lisa Lapin, a

    spokeswoman for Stanford, said the schoolhad no comment beyond the provosts

    message.

    We can choose to turn a blind eye to such

    statements and chalk them up to youthful

    indiscretion, Etchemendy told

    undergraduates. Or we can be more

    courageous, and affirmatively reject such

    behavior whenever and wherever we see it,

    even -- no especially -- if it comes from a

    friend, a classmate, or a colleague.

    Spiegel has faced many growing pains as

    the head of Snapchat, including a company

    data breach. Earlier this month, the startup

    settled claims by the U.S. Federal Trade

    Commission that it deceived users by

    falsely promising its photo messages

    disappeared.

    Snapchat, born in 2011 in Spiegels

    fraternity house, has raised funding from

    investors including Institutional Venture

    Partners, General Catalyst, Benchmark,

    Lightspeed Venture Partners, and SV

    Angel.

    To contact the reporter on this story: SarahFrier inSan

    [email protected]

    To contact the editors responsible for this

    story: Pui-Wing Tam

    [email protected]

    http://topics.bloomberg.com/san-francisco/http://topics.bloomberg.com/san-francisco/http://topics.bloomberg.com/san-francisco/http://topics.bloomberg.com/san-francisco/mailto:[email protected]:[email protected]:[email protected]://www.bloomberg.com/news/2014-05-30/[email protected]://www.bloomberg.com/news/2014-05-30/[email protected]://www.bloomberg.com/news/2014-05-30/[email protected]:[email protected]://topics.bloomberg.com/san-francisco/http://topics.bloomberg.com/san-francisco/
  • 8/12/2019 Snapchat CEO

    6/6

    Stevenson