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Evan Spiegel spends most of his time during boardroom meetings on Snapchat

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  • According to a report by The Information, Snap CEO Evan Spiegel spends much of his time during board meetings tied to his phone and messaging people on Snapchat.
  • When not glued to his screen, Speigel’s boardroom demeanor was “dismissive” to Benchmark partner Mitch Lasky, according to The Information report, who stepped down from Snap’s board in August.
  • Lasky pushed Spiegel to consider Wall Street’s expectations, but the 28-year-old CEO considered the feedback shortsighted.
  • The Information cited one person saying that Spiegel’s attitude towards Wall Street is “f*ck the markets.”

Evan Spiegel may need to learn how to disconnect.

According to a report by The Information on Monday, Snap’s CEO spends much of his time during board meetings tied to his phone and messaging people on Snapchat.

When not glued to his screen, Speigel’s boardroom demeanor was “dismissive” to Benchmark partner Mitch Lasky, according to The Information report, who stepped down from Snap’s board in August.

According to the report, Lasky pushed Spiegel to consider Wall Street’s expectations for user growth and profitability, but the 28-year-old CEO considered the feedback shortsighted. Instead, Spiegel’s focus was on the company’s “long-term strategy,” and The Information cited one person saying that his attitude is “f— the markets.”

As of Monday, Snap’s stock is trading around $ 6, well below its $ 17 IPO price in March 2017. Snap has also lost its VP of Content Nick Bell and Chief Strategy Officer Imran Khan during the last two months.

Read more: Snapchat’s parent company has lost its second top exec in two months, as its head of original content departs

Snap did not immediately respond to Business Insider’s request for comment.

Get the latest Snap stock price here.

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