Snapchat CEO labels India as "too poor"

This CEO Does Not Want To Expand Business In World's Fastest Growing Economy

"Poor India & Spain need better than Snapchat", "Goodbye, My Snapchat Account and Snap Inc".

"At a time when Indians confused Snapdeal for messaging app Snapchat and started downgrading the app of the e-commerce platform, co-founder Kunal Bahl took a light-hearted approach and shared a meme on Twitter, terming the whole incident as ridiculous".

Run an early-stage company? This controversial remark was reportedly made by Snapchat Evan Spiegel in 2015. So much so that the app's rating took a massive hit on Google Play Store. An article carried by Variety quoted a long statement by Anthony Pompliano, a former employee at Snapchat, triggering this social agitation in India. From Business Insider we learned that Kashmiri people are installing Snapchat to show their anger and hate against India.

Many have unistalled the app, while others continue to give it bad ratings and reviews. The Indian hackers are yet Anonymous, although the leak appears to be motivated by latest news regarding Snapchat's CEO "Evan Spiegel's" claiming to stop Snapchat in poor countries like India and Spain.

Indians are snapping at Snapchat like never before. It is available worldwide to download for free.

The Twitter hashtag #BoycottSnapchat was trending on the social media site during the weekend, with several users calling on Indians to delete the app in response to the allegations. Snap is now describing Pompliano as a "disgruntled employee fired for poor performance", but the damage has been done.

The messaging-app company has made a remarkable debut into NYSE with its Initial Public Offer (IPO) in November previous year.

On Sunday, Snapchat responded to the claim. He also claims, Snap lured him away from Facebook fraudulently, by lying about critical user data.

"1.2 billion people with third country to have the most billionaires in the world how dare u call my country poor", said a reviewer. Shares of Snap have fallen 26 percent from their highest closing price following the public listing, and they remain up 17 percent from the company's $17 IPO price.