Snap’s presentation—housed in a conference centre in London—was introduced by Barclays CEO Jes Staley in an effort to woo local investors. Inside, Spiegel, co-founder and chief technology officer Bobby Murphy, and chief strategy officer Imran Khan pitched the future of Snap to around 70 fund managers and analysts. The presentation was introduced by Barclays CEO Jes Staley in an effort to woo local investors. Snap executives Monday put the slowdown in users down to issues with its development on Android, a problem it flagged in its prospectus. Despite the questions on user growth, fund managers were impressed with Snap’s willingness to make the trip to London.

Source: Mint February 21, 2017 09:11 UTC