Snap denied bonus to staff while CEO made $638 mn in 2017
As per reports, employees of Snapchat's parent company were told they wouldn't be getting cash bonuses for 2017 for not meeting some internal undefined goals. This comes after CEO Evan Spiegel received $637.8 million as total compensation last year after the company went public. Spiegel's compensation was the third-highest annual CEO payout ever, equivalent to 77% of Snap's 2017 revenue.