Advertising news today: Snap leadership, Facebook critics

Co-Founder
and CEO of Snap Inc. Evan Spiegel
Matt
Winkelmeyer/Getty Images

Snap CEO
Evan Spiegel recently named a new chief business
officer for his struggling company before quickly changing his
mind and naming someone else, according to a report from
Bloomberg.

Spiegel told Kristen O’Hara, whom the company hired in September
to be its vice president of US sales, that she would be promoted
to the new role and informed the people who reported to
her, according
to the report. Two days later, however, he withdrew
the offer and named Jeremi Gorman, who headed Amazon’s
advertising sales effort, to the position instead.

Perhaps not surprisingly, after having the rug pulled out from
under her, O’Hara resigned from Snap.

Click here to read more about Snap’s
leadership change.

Snap also launched in shows in the UK,
partnering with 17 media companies to create
original content.

In other news:

Facebook’s biggest critic on Wall Street explains why
he’s convinced the company is going to keep sinking.
Brian Wieser, an analyst at Pivotal Research Group, has been
arguing for years that the company’s stock is overvalued, and
recent scandals and crises have borne out his predictions.

Google employees are reportedly planning a walkout this
week in protest of the recent sexual misconduct
revelations. The “women’s walk” protest, which more
than 200 Google employees are reportedly planning to participate
in, originated from an internal forum where workers shared their
frustration with the tech giant.

IBM explains why it believes its $34 billion acquisition
of Red Hat ‘changes everything about the cloud market’ — and why
Red Hat will stay independent. IBM CEO Ginni
Rometty said that the $34 billion acquisition of Red Hat ‘changes
everything about the cloud market.’