Snap Doesn't Report Diversity Data, and Its CEO Prefers It That Way
Most companies provide annual diversity reports these days, but Snapchat parent Snap (NYSE: SNAP) does not. In an all-hands meeting on Tuesday, Snap CEO Evan Spiegel reportedly said that the company will keep it that way because releasing the company's diversity data would only reinforce the Silicon Valley stereotype of a company culture dominated by white males.
Image source: Snap.
"I've always been concerned that releasing that data publicly only reinforces the perception that tech is not a place for underrepresented groups," Spiegel said, according to a meeting transcript published by Business Insider. "What we have done, of course, is continue to release that report internally, which I think can be a catalyst for positive change here."
Source Fool.com