Said Spiegel, “What gives me a lot of hope is that historically spending large amounts of money is not always a predictor of success. “TikTok got this great lead early on but really aggressively expanding so that people could train the algorithm and ultimately end up with a more personalized feed that’s harder to get on a new service,” he said.Īsked who he saw as Snap’s biggest rival, he replied, “Meta continues to be a very large and challenging competitor.” Addressing the future competition Snap will face in the smart-glasses category from much larger companies like Meta and Apple, he noted that bigger isn’t always better when it comes to innovation. Spiegel also addressed Snap’s competition including TikTok, which he conceded is a tough act to follow because of the company’s core’s technology. Over time, the stock price has gone up and down but we’ve tried to stay focused on delivering value for shareholders.” 37 minutes ago &0183 &32 Former Theranos CEO Elizabeth Holmes leaves federal court in San Jose, Calif., Friday, March 17, 2023. And Snapchat has set the gold standard for getting new ideas to take off. “We’re far from reaching our full potential. Todays guest is Evan Spiegel, CEO of Snap. “Personally where I sit today and look at the long-term opportunity in our business, I really believe it’s enormous,” he said. Asked by interviewer Scott Galloway whether he was considering selling the company considering he effectively controls its future as 51% owner of voting shares, Spiegel didn’t quite answer the question but waxed very bullish about where he sees the company headed.

Snap ceo