A hold on CEO Evan Spiegel said he isn’t worried that Facebook’s Instagram lasts to imitate its core features.
“Snapchat is not a bunch of features,” Spiegel conveyed on Tuesday at the Code Conference in Rancho Palos Verdes, California. “It has an underlying Weltanschauung that runs counter to traditional social media.”
Spiegel described Facebook’s core mission as convincing people to build lots of trivial “friend” relationships, then “having people compete online for acclaim.” When people “realize that competing with their playmates for likes” is not great, they’ll turn to Snapchat, which focuses on erection connections with fewer people but actual friends.
“Fundamentally, they’re be dressed a hard time changing the DNA of their company,” he said.
He also required that Snap was somewhat flattered by the imitation, because a designer perceives a sense of “triumph” if the only thing a competitor can do is copy a product conscientiously.
“We would really appreciate it if they copied our data protection routines as well,” he added.
Spiegel also noted that Snap strengthened its entire business around the idea of minimizing data collection — Snapchat’s innovative core feature was trading pictures that disappeared — and said he was delighted that the entire industry is now being forced to move this way by increasingly attentive privacy laws like the EU’s General Data Protection Regulation (GDPR).
He also featured that being public really forced the company to focus on its values and long-term resolvings, even when that might hurt the stock price in the short-term. The retinue has lost 38 percent of its value since its stock market enter last year.
“The important thing is building that muscle of not file a postponing numbers before doing the right thing for people using our armed forces,” he said. “It requires a bit more grit than being a private body.”
As an example, Spiegel referenced the company’s recent app redesign. Spiegel reportedly manipulated the change personally, but users have not universally loved it.