Evan Spiegel Says 'Social Media Is Dead' in Leaked Memo
Evan Spiegel told Snap employees this week they work for a rare social-media platform that "makes people happy."
In an internal note sent Monday, the co-founder and CEO seemed intent on rallying the Snapchat operator behind a sense of "urgency" after seeing several quarters of stalled revenue growth, layoffs, and struggles with its advertising business.
"Social Media is Dead. Long Live Snapchat!" he wrote in the title of the memo.
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