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>Obviously Instagram stories has had a material impact on their business and the "whistleblower" was bringing this to management's attention

The "whistleblower" that was fired after 3 weeks on the job back in 2015 was bringing Instagram stories to management's attention? The Instagram stories that came out in 2016?

Was he clairvoyant?

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2015 whistleblower was claiming Snapchat misreported their user metrics and the lawsuit had nothing to do with Instagram stories.

What may have happened is that somehow Snapchat further doctored their numbers after Stories came out to hide the impact it was having on their userbase, then slowly rolled the impact in post IPO leaving the company where it is now, with a sudden slowdown in user growth post IPO and $6 share price down from $24 on first day of trading. same issue of doctored numbers with 2 different timeframes

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