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Prior to these layoffs, Evan recently pushed a change to do a Founder Stock Split that would benefit him materially without losing his voting power:

https://www.marketwatch.com/story/as-snap-melts-down-its-fou...

Snap stock to fell ~25% the next day.

How do Snap engineers feel about all this? Are they so into the product and their work that they just don’t care? Or rather, are they also deeply supportive of Evan’s stewardship? (ignore the non-believers)



“Spiegel and Murphy [CEO&CTO] own a whopping 99.5% voting control of the company.”

Why would anyone expect their Class A shares to be treated “fairly”?


<not a snap employee> I'd bet most of them just want to work, get paid enough, and left alone to do other things with their lives.

Strong opinions about what a founder does to their comp package is something people who are either close to the top or in an early stage company would worry about.




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