(NYSE:SNAP) also laid off two dozen workers in NY and London.
Snap has since confirmed these layoffs, which largely affect those on the content teams in the NY and London offices.
"If you leak Snap Inc. information, you will lose your job and we will pursue any and all legal remedies against you", he said. Company posted third-quarter revenue and user numbers, which are not coincides with the Wall Street expectations. "The government, our investors, and other third parties can also seek their own remedies against you for what you disclosed".
"The journey is long, the work is hard, but we have and we will consistently, systematically, out-innovate our competitors with substantially few resources and in far less time", Spiegel wrote to the employees.
The memo, which surfaced online, details Spiegel's message on the importance of building an organization that scales internally when it comes to the business. You can face personal financial liability even if you yourself did not benefit from the leaked information.
But Snap has suffered an uptick in leaks in recent months, including its unannounced "Stories Everywhere" initiative and a recent round of layoffs across multiple teams - both of which were first reported by Cheddar. "The government can even put you in jail". Snap, reached for comment, did not respond on the record.
Snapchat is still a platform used mainly for messaging, despite the company's release of new features and efforts to encourage subscribers to use other parts of the app, Business Insider said, citing Snap data reviewed by The Daily Beast. In August 2016, Facebook copied Snap's signature product, user uploads that self-destruct after 24 hours, with the Instagram Stories feature.
Apple faces more scrutiny over iPhone slowdowns in South Korea, Italy
Apple's iOS prevents that from happening by slowing down performance-a trade off to having an unstable phone. The Citizens United for Consumer Sovereignty accused Apple of destruction of property and fraud.