Snap’s Spiegel: Company Is on ‘Cusp’ of Computing Transformation

Snap CEO Evan Spiegel defended his company’s ability to stay independent despite competition from deep-pocketed rivals like Meta Platforms, predicting that the Snapchat parent was on “the cusp of a real transformation in the way that people think about and use computers.”

That transformation, Spiegel said, will involve his company’s augmented reality glasses, Spectacles. He said that he expected consumers to widely adopt AR glasses by the end of the decade and that he hoped they would be “a lot bigger than the Apple Watch,” a popular Apple product that he described as “a phone accessory.”