1 Smart Business Story: Snap CEO Evan Spiegel Has to Go

After nearly 15 years, Snapchat’s parent company is still chasing profitability. Co-founder Evan Spiegel is still at the helm of Snap Inc. An activist investor demanding change, a controversial layoff of 1,000 employees, and an over $3 billion bet on augmented reality glasses raises the question: Is Spiegel still the right person to lead Snap?  On this episode of The Business Model, David Lidsky, head of editorial strategy for Fast Company and Inc., joins senior editor Rebecca Deczynski to make the case that it's time for Spiegel to step aside and what that could look like.