Snap Reports 'Comfort' With Facebook's Imitation Game Even as New Users Slow Again
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Snap Inc. is getting comfortable with Facebook stealing all of Snapchat’s best ideas. At least that’s the story it told during its first quarterly earnings call with analysts as a public company, finally subject to all the disclosure requirements that entails.
“If you want to be a creative company, you got to get comfortable with and basically enjoy the fact that people are going to copy your products, if you make great stuff,” Snap Inc. CEO and co-founder Evan Spiegel said on Wednesday.
Facebook has adopted most of Snapchat’s core features, grabbing onto Snapchat’s focus on the camera as the centerpiece of the mobile experience and introducing Snapchat-like vertical video stories on all its properties. Facebook has also come out with an augmented reality program similar to Snapchat Lenses.
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