Did Snap CEO Evan Spiegel Lie to Investors?
Just last month, Snap (NYSE: SNAP) CEO Evan Spiegel spoke at Vanity Fair's New Establishment conference. Among other topics, the chief executive admitted that he needs to communicate with investors better. Running a public company is a completely different ballgame than running a private one, and comes with incredible regulatory burdens surrounding communications and disclosures. It also comes with significantly increased public scrutiny, but the benefit is greater exposure and liquidity in capital markets.
That might all sound noble, but then why did Spiegel lie to investors on the very same day?
Image source: Snap.
Source: Fool.com
