“A leaked email from the Sony Pictures hack indicates Snapchat set aside 0.11% of its stock for former Apple head of iOS Scott Forstall to be an advisor,” Josh Constine reports for TechCrunch.
“When asked about the company’s relationship with Forstall, Snapchat didn’t deny the connection, simply replying ‘We have a number of advisors, but we don’t comment on the specifics of their relationship with the company,'” Constine reports. “Given Forstall’s prestigious pedigree and fame for leading Apple’s iOS division, he was granted a wopping .11% fully-dilluted for merely being an advisor, with the options vesting over 24 months.”
Read more in the full article here.
MacDailyNews Take: “Make that camera button look like a real shutter release.”
Ca-Ching!
[Thanks to MacDailyNews Readers “Fred Mertz” and “Lynn Weiler” for the heads up.]
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