Snap CEO Evan Spiegel thinks the metaverse is ‘ambiguous and hypothetical’

Snap, Inc. Hosts Virtual Snap Partner Summit
CEO of Snap Inc. Evan Spiegel presents at the livestreamed Snap Partner Summit 2022 | Photo by Snap, Inc./Getty Images for Snap, Inc.

Snap isn’t the only social media company with smart glasses and an expanding hardware portfolio, but what’s separating its approach from Meta? While announcing Pixy, a $229 drone that takes off from your hand to capture selfies, Snap CEO Evan Spiegel spent some time explaining his decision to focus on experiences built for the real world instead of the virtual metaverse.

“The reason why we don’t use that word is because it’s pretty ambiguous and hypothetical,” he told The Guardian. “Just ask a room of people how to define it, and everyone’s definition is totally different.”

Spiegel also told The Verge’s Alex Heath that companies making…

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Author: Richard Lawler