Snapchat: Company CEO calls for investment in technology to face “unprecedented competition”

7 hours ago

“The United States is now facing a new era of global competition, which requires investing more in future generations,” the CEO of Snapchat told the BBC.

Evan Spiegel, who includes the company he heads, said the US was facing a “century of strategic competition” with fast-growing economies such as the Chinese.

“We have not seen this competition in the past,” he added.

Spiegel, who hosted BBC Radio 4’s Today morning show, said the United States needs to put in place long-term plans that allow it to compete in the future.

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