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Snap CEO Evan Spiegel Is Not Afraid of Facebook (recode.net)

Posted by msmash on from the tearing-to-pieces dept.

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.

22 of 42 comments (clear)

  1. Heh... by the_skywise · · Score: 5, Funny

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

    1. Re: Heh... by slashdice · · Score: 1

      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.

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      Copyright (c) 1990 - 2014 Dice. All rights reserved. Use of this comment is subject to certain Terms and Conditions.
  2. SNAP Stock by cmseagle · · Score: 4, Informative

    Maybe he should be...

    SNAP share price has dropped 20% in the past 24 hours.

    1. Re:SNAP Stock by imgod2u · · Score: 1

      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.

    2. Re: SNAP Stock by Dunbal · · Score: 1

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

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      Seven puppies were harmed during the making of this post.
    3. Re:SNAP Stock by Dunbal · · Score: 1

      At least Facebook actually has a business model of sorts.

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      Seven puppies were harmed during the making of this post.
  3. NICE TOUCH by Anonymous Coward · · Score: 3, Funny

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

  4. Bad example by DavidB · · Score: 4, Funny

    It should be more like, "just because Google has maps doesn't mean that Mapquest is obsolete.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

  5. Snapchat's Best Feature Was Copied by Luthair · · Score: 1

    from software shipped 10-years ago with webcams.

    1. Re:Snapchat's Best Feature Was Copied by EndlessNameless · · Score: 1

      Yes, but this is CLOUD-ENABLED.

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      According to the latest ruleset, this post should be modded as Vorpal Flamebait +5.
  6. Perhaps not afraid of Facebook by zifn4b · · Score: 1

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

    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.

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    We'll make great pets
    1. Re:Perhaps not afraid of Facebook by zifn4b · · Score: 1

      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.

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      We'll make great pets
    2. Re:Perhaps not afraid of Facebook by LynnwoodRooster · · Score: 1

      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, 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!

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      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
  7. No, I wouldn't be afraid .... by dasgoober · · Score: 1

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

  8. Facbook is equally replacable by sinij · · Score: 1

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

    1. Re:Facbook is equally replacable by gander666 · · Score: 2

      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.

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      Suppose you were an idiot and suppose you were a member of Congress ... but I repeat myself. - Mark T
    2. Re:Facbook is equally replacable by AvitarX · · Score: 1

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

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      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    3. Re:Facbook is equally replacable by farble1670 · · Score: 1

      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.

    4. Re:Facbook is equally replacable by spire3661 · · Score: 2

      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.

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      Good-bye
    5. Re:Facbook is equally replacable by ninthbit · · Score: 1

      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.

  9. study the financials by supernova87a · · Score: 1

    [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 technology is. "We'll buy anything!"

    Amazing what our collective social likes and dislikes manage to power, when harnessed by some small group that's figured out how to monetize it. I think that's the greatest wealth inequality of all these days...

  10. Creativity at Snapchat by ZipK · · Score: 1

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

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