Sarah Frier writing for Bloomberg:
“Snapchat 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.”
Earlier this month, Snapchat settled with the U.S. Federal Trade Commission.
Because “snaps” on its service do not disappear.
So, Snapchat lied and settled.
Snapchat and its CEO are building quite a reputation.
More accurately, a reputation crisis.
To think Snapchat spurned a multibillion-dollar buyout offer from Facebook.
Perhaps Facebook got off lucky.