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Snap CEO Evan Spiegel Is Not Afraid of Facebook (recode.net)
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.
Yoda voice: "aahhh... You willl be.... YOU WILL BE!"
Maybe he should be...
SNAP share price has dropped 20% in the past 24 hours.
"Fun fact: Yahoo is an investor in Snap."
It should be more like, "just because Google has maps doesn't mean that Mapquest is obsolete. No, wait...".
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.
Suppose you were an idiot and suppose you were a member of Congress
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.
Good-bye