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<i>Online Extra</i><br>Snapchat Maker Sued by Ex-Employee Who Says Company Misrepresented Finances
Snap Inc., maker of pic-sharing app Snapchat, was hit with a wrongful termination lawsuit on Jan. 4 by a former employee who alleges the company made false representations about its finances ahead of its forthcoming initial public offering, according to the L.A. Times. Snap refuted the claim.
Anthony Pompliano left Facebook to work on Snapchat but was fired three weeks later. He alleged Snap made the false representations to him before he was hired. He also said the company wanted him to share inside knowledge from his time at Facebook, but he wouldn't do it.
“Mr. Pompliano was terminated because he refused to participate in a scheme to deceive the public and artificially inflate Snapchat's valuation in anticipation of its” IPO, according to the lawsuit.
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