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It should be more like, "just because Google has maps doesn't mean that Mapquest is obsolete.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...".