“Just cause Yahoo has a search box, it doesn’t mean they’re Google.”
In this case, Snapchat is Google, and Facebook is Yahoo. It takes guts to lob a line like that in your first-ever earnings call as CEO of a public company, particularly when your shares just dropped 25 percent.
But that’s what Snap CEO Evan Spiegel told investors on a call Wednesday when they dared to ask about Facebook CEO Mark Zuckerberg’s tendency to copy his company.
The analyst specifically referenced Facebook’s F8 presentation, but we all know Facebook has done much more to copy Snap than just pitching a similar augmented reality future. Read more…
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