[ad_1]
Snap's departing head of creative strategy, Greg Wacks
Greg Wacks
Greg Wacks, Snap's head of creative strategy, has left the company ahead of its forthcoming IPO, BuzzFeed News has learned.
Wacks, who joined Snap in 2014, worked closely with advertising agencies on creative and strategy for ads, dealing with Lenses, Geofilters, and Discover. Snap declined comment.
Snap reported $404.5 million in revenue 2016 and $924.9 million in expenses, adding up to a net loss of $514.6 million. Investors will obviously expect the company to do better, particularly since its seeking a $25 billion valuation, according to reports.
Leadership turnover has been a problem for Snap in the past, which at one point in 2015 lost eight top execs within a span of 12 months.
In its S-1 IPO filing last week, Snap listed leadership turnover as a risk factor that could cause the company serious harm. “The loss of key personnel, including members of management and key engineering, product development, marketing, and sales personnel, could disrupt our operations and seriously harm our business,” the company's S-1 document stated.
[ad_2]
Key Takeaways Ceramic coatings offer superior protection but require proper maintenance to keep them effective.…
Table of Contents: Introduction to Modern Electrical Contracting Innovations Transforming the Industry Best Practices for…
Key Takeaways Understand the importance of document shredding for data protection. Explore cost-effective and compliant…
Key Takeaways Basement waterproofing involves multiple strategies for long-term success. Proper drainage and sealing are…
Table of Contents Understanding the Basics of Food Display Latest Trends in Food Display Solutions…
Key Takeaways Technology is rapidly transforming the healthcare industry. Benefits include improved patient outcomes, increased…