Snap CEO, in Axios op-ed, says to separate 'social from the media'
Evan Spiegel, co-founder and CEO of Snap, says in an op-ed for Axios, while the personalized newsfeed "revolutionized" the way people share and consume content, it came at "huge costs" to the entire media industry. Spiegel says social media fueled "fake news," because content designed to be shared by friends "is not necessarily content designed to deliver accurate information." Rather than using friends to curate a content feed, Spiegel says Snapchat "empowered" people to visually communicate with their friends. Spiegel says that with the upcoming redesign of Snapchat, "we are separating the social from the media, and taking an important step forward towards strengthening our relationships with our friends and our relationships with the media." Reference Link