While Snap's poor product decisions and failing business are constantly called out in the media, what I don't see covered as much about the company is that their executives managed to massively enrich themselves by paying themselves huge bonuses right before the IPO and subsequent stock collapse.
Their "Chief Strategy Officer" Imran Khan: $100M+
https://www.businessinsider.com/snap-ceo-evan-spiegel-cfo-im...
CEO Evan Spiegel": $637M+ (3rd highest CEO payout ever) https://techcrunch.com/2018/02/22/snap-ceo-evan-spiegel-got-...
I'm surprised there hasn't been an investor lawsuit/class action yet. The whole thing seems like a massive pump and dump scam.