Snap VP of eng resigns, how it will affect snap?

Tecent just backed them up. I guess not too bad.

Terrible path, next Zynga

“Resigns”

People on the inside are still drinking the cool aid pretty heavy to cope, but there's an increasing population in the company that believes we are totally fucked and are going into rest and vest mode to cope.

I think he resigned to avoid being fired for the recent outages

Why do people like to assume shit

I got interview call from them. Now going to postpone till next year to see how they do for another quarter .

This was planned for a while - a VP of engineering doesn't just step down at random. He hired a right hand man also from Amazon who has been shadowing for a year and will be taking over. Why did he leave? He got $40M in stock and probably wants to relax. This was probably planned in his mind before the company even IPO'D... When you look at the full picture it doesn't seem that shocking. (He's been here 4+ years, so he's fully vested) Tldr, we probably won't see any immediate changes. Maybe a different engineering culture in the long run?

This is probably a good thing. Jerry is a much more experienced and level headed leader than Tim. Tim's personality was great when the company was all about moving fast, but now having someone more refined will be really great.

I won’t be surprised if the stock recovers to some extent and goes back in the range of $15 (like in the previous quarter). The bigger issue probably is how the user base grows and if Snap can diversify into other domains like camera, augmented reality, etc.