Snap user metrics being put into question by Mashable, Muddy Waters

After the close, Mashable posted an article titled 'The big con: How tech companies made a killing by fudging their numbers,' which focused on Snap Inc's (SNAP) Snapchat inflating, exaggerating, or outright lying about its user metrics, depending on the point-of view in question. The article highlighted a former Snap employee, Anthony Pompliano, who is claiming "outright fraud" and says "I have proof." Pompliano has filed a lawsuit against Snap, but Snap called Pompliano a "disgruntled employee" who was "fired for poor performance." Carson Block, short-seller and founder of investment firm Muddy Waters, has also taken an interest in Snap, saying, "These metrics, there's no basis where you can reconcile. I think it puts us in a dangerous area." Block also tweeted out a link to the Mashable article, saying "Article discussing problems with $SNAP & other app companies' user metrics, implications for investors and advertisers." In the after hours session, Snap is trading down 0.64%. Other publicly traded companies in the space include Facebook (FB) and Twitter (TWTR).