Compromising core product value biggest mistake: Snap CEO
In a memo sent to Snapchat's employees, CEO Evan Spiegel said, "The biggest mistake we made with our redesign was compromising our core product value of being the fastest way to communicate." "We rushed our redesign, solving one problem but creating many others," he added. He further said, "We moved like a cheetah", adding that there were "some downsides". 