Snap CEO isn’t expecting much from Facebook antitrust investigations
https://techcrunch.com/2019/10/04/snap-ceo-isnt-expecting-much-from-facebook-antitrust-investigations/
Facebook’s relentless feature copy of Snapchat have been seen as one of the chief examples of the company’s competitive overreach, but Snap CEO Evan Spiegel isn’t sure whether antitrust activity from the government is going to change the company’s near-term prospects of competing with Instagram.
“I mean the history of antitrust would basically say that these investigations last like seven to ten years or something like that and that basically nothing happens,” Spiegel said onstage at TechCrunch Disrupt SF. “I think a lot can change in the seven to ten years that this process will take.”