Snap Spends $4,000,000 on New Years Part STILL LOOSING MONEY!
Evan Spiegel (the CEO of SNAP, Parent company of Snap Chat) may think he is a "baller" or a "king" or what ever he calls himself by spending $4 million of investor's money (He claims it was his but he "legally" stole it by paying himself HUGE bonuses while NEVER once generating a single penny of profit and accumulating HUGE debts and losses along the way FOR HIS PROFIT at the expense of the company) on a new years party where only him and the people he knows and likes were invited to, BUT, it actually just makes my point of why you should NEVER invest in his company SNAP! What man has the NERVE to loose money in 2017 to the tune of over $10,000,000 a month! But then, spend $4,000,000+ on a private party with a celebrate as the guest (Drake)! This guy has his head SO far up his ass he can't even see reality! Evan you are not a god, you are only rich because you SCAMMED STUPID NAIVE "investors" out of billions to finance shit like this:
http://www.businessinsider.com/drake-at-snapchat-new-years-party-2018-1
http://www.tmz.com/2017/12/31/snapchat-ceo-evan-spiegel-rents-la-live-nye-party/
The word startup, you know, magically give you exemption feom laws of physics. And economy.
I think when you become a publicly traded company you don't really qualify as a startup anymore.
Undeniably.
But ypu cant drop executives who run startup in the past instead of making money for owners.
That guy gives zero F*c&s. More than irresponsible.
Will this be another trial of the year? TV loves this sort of stuff. 4mln on a party most people don't make that in a life time. This is the kind of thing we hear about right before they get in trouble for doing some shady stuff in the background.
Exactly he can't even claim it was a promotion because there was a NO PICTURES policy!
Wow I had no idea he was that type of person