Ex-employee sues Snapchat, alleges it misled investors: Hollywood Reporter

(Reuters) – A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said citing a court document. In the lawsuit filed on Wednesday in a California court by Anthony Pompliano, who earlier worked with Facebook Inc, also alleged he was fired for being a whistleblower, the magazine reported. Pompliano claimed he was pressurized to breach Facebook's confidential and proprietary information, the magazine said.

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