Snap CEO Spiegel on Wednesday took aim at Facebook’s efforts following its first-quarter earnings report.
“People are going to copy your product if you build great stuff,” Spiegel told CNBC. “Just because Yahoo has a search box doesn’t make it Google.”
Also on “Squawk Box,” former Yum Brands CEO David Novak, was asked about Snap’s earnings. He said Spiegel should be “more humble” when Facebook and Snap are compared.
“There’s plenty of room for the both of them,” he added.
Graham said it is “too early to tell” about the impact Facebook will have on Snap’s growth.
“Snap is still growing users at a fast rate. It’s slowing down a lot, though, he said. “The question on people’s minds is that is that slow from Facebook and Instagram creating another Snapchat in a very short amount of time?”
—CNBC’s Anita Balakrishnan contributed to this report.