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| Snapchat CEO Evan Spiegel |
Snap CEO Evan Spiegel has finally
addressed the giant blue elephant in the room.
During his company's first-ever earnings call with investors on Wednesday,
Spiegel summed up his feelings about Facebook's relentless copying of
Snapchat's core features with an audible laugh.
"You have to get comfortable with
and enjoy the fact that someone is going to copy you if you make great
stuff," he said in response to an analyst question about Facebook's copying of Snapchat's Stories format
and augmented reality efforts.
"We believe that everyone is going
to develop a camera strategy," he said. "I think we really help
everyone understand how valuable the camera is."
Spiegel went so far as to compare his
company's rivalry with Facebook to the early days of Yahoo and Google.
"At the end of the day, just because
Yahoo has a search box, it doesn't mean they’re Google," he said.
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