Snap CEO Evan Spiegel Is Not Afraid of Facebook

An anonymous reader writes: Snap CEO Evan Spiegel addressed on Wednesday what many have been hoping he would address for months: What he thinks about Facebook and the fact the social giant is copying all of Snapchat's best features. On Snap's Q1 earnings call Wednesday, Spiegel was asked bluntly: "Does Facebook scare you? Why or why not?" Spiegel laughed. Then talked about how important it is to be creative. Then said this: "At the end of the day, just because Yahoo, for example, has a search box, it doesn't mean they're Google." Fun fact: Yahoo is an investor in Snap.

Heh...

[the_skywise]

Yoda voice: "aahhh... You willl be.... YOU WILL BE!"

Re:

[slashdice]

After you grease up your yoda doll and shove it up your ass, you can post the pictures on facebook and snapchat so other people can "like" them Snapchat actually has filters so you don't even need to shove the greased up yoda doll up your ass but that's kind of missing the point.

SNAP Stock

[cmseagle]

Maybe he should be...

SNAP [cnbc.com] share price has dropped 20% in the past 24 hours.

Re:

[Dunbal]

It's going to be a zero dollar stock and people will wish they could still get $5 for it.

Re:

[imgod2u]

FB stock IPO's at $38 in May of 2012. By August of that year, it was at $18.

Share price post-IPO isn't a very good indicator of long-term success.

Re:

[Dunbal]

At least Facebook actually has a business model of sorts.

NICE TOUCH

[Anonymous Coward]

"Fun fact: Yahoo is an investor in Snap."

Bad example

[DavidB]

It should be more like, "just because Google has maps doesn't mean that Mapquest is obsolete. No, wait...".

Snapchat's Best Feature Was Copied

[Luthair]

from software shipped 10-years ago with webcams.

Re:

[EndlessNameless]

Yes, but this is CLOUD-ENABLED.

Perhaps not afraid of Facebook

[zifn4b]

But I would be very afraid of a projected $2 billion loss in 2017 and this: https://www.google.com/search?... [google.com]

Pride goeth before destruction, and an haughty spirit before a fall, dude

Lot of people on this planet can talk a great game but can't deliver. Talk is cheap. Data wins, fatality.

Re:

[zifn4b]

Well, he's worth $5 billion personally, and I bet it's not all in Snap stocks. A massive pile of $$$ can cushion even the hardest of falls.

Don't care. He should cut his losses and retire out of the public's eye instead of being an egotistical prick. We have enough of those already.

Re:

[LynnwoodRooster]

But I would be very afraid of a projected $2 billion loss in 2017

Fully agree! Now, if it was a $3 billion loss, like Uber last year [techcrunch.com], then everything would be awesome and they'd be worth $60+ billion. This just tells me Evan doesn't know how to spend money fast enough!

No, I wouldn't be afraid ....

[dasgoober]

... if I could cash out and not hafta work for the rest of my life.

Facbook is equally replacable

[sinij]

If Facebook can kill off Snap by copying features, then it follows that Facebook can also be killed off by coping its features.

Re:

[gander666]

The challenge to just copying FB is that they have nearly 2B active users. That provides a lot of momentum, and a huge barrier to entry for even the best funded competitors. Google had the best chance with Google+ and they couldn't pull it off. I still am surprised when G+ sends me a notification. Is it still alive? Sheesh.

Re:

[spire3661]

Google had no chance because they forced it. If they hadnt been pricks about it, more people would have used it and the outcome might have been different. The real-name push was fucking ugly. Its like they learned nothing from when Blizzard tried it.

Re:

[ninthbit]

It doesn't help that the interface was disgusting too. It's almost as if they didn't want it to succeed but someone said "do it, we need this". I can't think of a redeeming quality Google+ had. They even tried to break YouTube with it.

Re:

[AvitarX]

facebook is harder to replace, as it already has the users.

Re:

[farble1670]

Everything is replaceable. It's just software. Facebook is not being replaced in fact there are not even an contenders to speak of. OTOH, Facebook is actively gunning for Snap and has a history of copying and decimating other services.

study the financials

[supernova87a]

[all numbers below approximate for commentary purposes...]

Interesting that a company which took in $150 million in revenue in the last year, paid out $2 billion to all of its option holders and employees. It's almost as if modern tech companies are just vehicles for approximately 500 people to get rich after conducting the right social experiment that users seem to enjoy... And the investor / VC community is looking for the next one that does this and gives them the same returns, who cares what the te

Creativity at Snapchat

[ZipK]

Spiegel laughed. Then talked about how important it is to be creative.

Does that include Reggie Brown's creativity? http://www.businessinsider.com... [businessinsider.com]