By Rebecca Stewart

Snapchat has poached one of Facebook’s key mobile product executives,
Sriram Krishnan, to join its growth and revenue team.

Having previously held positions at Microsoft and Yahoo, Krishnan joined Facebook in 2013 and helped found its mobile ad offering, Audience Network at the start of 2014.

The product, which lets Facebook sell display and video ad space inside externally-owned apps, posted a $1bn annual run rate during the fourth quarter of 2015 for ad spend, with the majority of the value going to publishers.

According to Re/code, a spokesperson from Snapchat confirmed the move in an email but refused to Read full story ›

Source: The Drum