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Kessler said user growth is likely to remain challenging, and valuation appears expensive given structural challenges and competitive concerns.Competition includes Facebook Inc.'s Instagram. He said agency checks indicate Snap's platform is still largely experimental and user demographics are less attractive to advertisers.

Board memebers Robert Matschullat and Orin Smith are also not standing for re-election. He said Snap is largely a chat/messaging app, "which historically don't monetize as well as newsfeeds," and said company has struggled to gain share for its Discover platform, which is viewed as better to monetize.According to his Facebook profile, Zuckerberg has three sisters (Randi, Donna, and Arielle), all of whom he’s friends with.He’s friends with his parents, Karen and Edward Zuckerberg. Chief Operating Officer Sheryl Sandberg and Twitter Inc.Chief Executive Jack Dorsey will exit the Walt Disney Co.

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