Worst CEOs of the Year: Evan Spiegel of Snap

Core Insights - Evan Spiegel of Snap Inc. is being considered for the title of worst CEO of 2025 due to the company's poor performance and outlook [5] - Snap's stock has significantly declined, with an 84% drop over the past five years and a 36% decline in the past year [2] - Despite a revenue increase of 11% to $4.2 billion in the first three quarters, Snap continues to incur losses, reporting a net loss of $104 million [3] Financial Performance - Snap's net worth is approximately $2.5 billion, but the company has not achieved profitability after many years [2] - Analysts predict a revenue growth of only 10.3% for the year, with expected per-share losses of $0.33 in 2025, down from $0.42 the previous year [7] - The company has made a deal with Perplexity, which will provide $400 million in cash and equity, but the stock has not sustained its gains from this announcement [8][9] Market Position - Snap ranks ninth among social media companies with 900 million monthly active users, significantly trailing behind Facebook and WhatsApp [6] - The perception on Wall Street is that Snap's future growth prospects are limited, with 35 out of 43 analysts rating the stock as Hold, Sell, or Underperform [7] - The Perplexity deal is viewed as insufficient compared to larger competitors in the AI space, such as OpenAI and Anthropic [9]