vonnie: what is the most for evan spiegel?hat can he come up with that is completely unique and cannot be copied? sean: existing products that have not been monetized are snap maps. that's an incredibly cool product. what they're doing with a gyroscope and being able to tell when you're are a plane or car, that is on the cutting edge. we also think that discovers getting pretty interesting content. we have not yet seen any the big-time partnerships rollout unique content. i keep going back to the fact that when the olympics come on and their strategic partner nbc universal has the electric's, you will have content that people will have to go on snap for. vonnie: it's in south korea the next couple of years. is it a buying opportunity then? sean: we bought this morning at $12. vonnie: originally you bought at the ipo price. sean: we are in the market this morning buy more stock. i think that the negative sentiment has now shifted. the lockup is behind us and it's now execution story. vonnie: the lockup is behind us, but there a

of wa street estimates the disappointing results have raised concerns about competition which evan spiegelddressed on the earnings call >> we have always been last to market, competing against giant companies, we've been able to grow our business in markets that are highly competitive because we're focused on innovation that explains why we're willing to take this wait and see approach in markets around the world that don't make sense for our business at this point but may make sense in the future. >> he added neither he or his co-founder will be selling snap shares this year because they believe in the long-term success of the company, though investors have their doubts. the stock is down almost 15% it's a long way from that $17 ipo police the conference call, they did take some tough questions. >> they did. >> they also took a mishap from the bgit crew. there was a hot mike, one of his assistant analysts, i guess. >> we'll talk about that later on in the show >> didn't understand the growth hacking response, which is the way a lot of investors felt. >> they are saying that -- >> what is

ceo evan spiegel addressed concerns on the conference call. >> we have always been last to market, competing against giant companies, we've been able to grow our business in markets that are highly competitive because we're focused on innovation that explains why we're willing to take this wait and see approach in markets around the world that don't make sense for our business at this point but may make sense in the future. >> highly competitive meaning facebook's instagram stories, which has made a big splash since launching last year. spiegel said the co-founder won't sell snap shares this year we'll talk to a snap analyst later on in this hour. >>> and google's ceo cancelled a company-wise town hall meeting that was organized after one of google's employees was fired the employee was let go after a controversial memo on women was released some employees worried they would be outed in the media for asking questions some of the pre-submitted questions were leaked along with the employees who submitted them >>> and one of uber's earlier investors is suing travis kalanick benchmark claiming f

evan spiegel talked a little bit about this on the earnings call.et's listen in. >> given the amount of speculation around the lack of expiration, i feel it is important to note that bobby and i will not sell any of our shares this year. the company will withhold the shares needed to ask if i -- task of i our -- our holding operations. scarlet: is that something that investors are talking about, the leadership of evan spiegel? it starts with him not selling his take, but being able to share his strategy with investors? >> a lot of people are talking about his arrogance, about this position. on the call yesterday, when he was asked about -- it seems like you are using similar growth tactics to facebook, and it seems like you do not like those growth tatts -- growth tactics, he had an arrogant answer to that and said listen, we are always the underdog, we always have in. we are the last market and all of these areas and have always been sick ethyl. -- successful. so a lot of yards i'm hearing --m investors and others concerns i'm hearing from investor

i wanted to ask about evan spiegel.atings for in to the ceo and his leadership capabilities? there are questions about how willing he is to show his strategy to lead the company. he is not necessarily someone who shares widely. he just seen as much more integrated and self-contained, and that is an issue for a tech startup. james: there is a qualitative and quantitative answer. core health looks at 62 different ratios within a company. those measures are looking at how much sales, what kind of profitability, what is it doing relative -- what are these metrics relative to the sale of the company, the assets, the capital employed? management decision-making drives the elements that get to efficiency good qualitative is that if you are in the public market, you cannot act like a teenager who doesn't want to share anything. the bottom line is that the companies that share the markets are the companies that are most embraced for the markets. if you are going to be secretive and you are going to keep secrets from you sharehol

co-founder evan spiegel and bob murphy announced they will not sell any of their 211 million shares eachhis year. that does leave 182 million shares held by other employees jpmorgan saying that should "help alleviate near-term concerns around the lockup." facebook and twitter both hit their bottoms the day after their lockup expirations back over to you >> that was julia boorstin reporting. >>> let's continue with our rise of the robots week where we're exploring how technological breakthroughs will shape our lives. now to quantum computing, which turbo charges computerers by allowing them to carry out several functions at once. the tech can be applied to many different industries possibilities are just beginning to be understood joining us to explain this is peter smith from the university of southampton what is quantum competing all about. tell us in lehmaylayman's terms >> so it's not just zeros and ones, it's a zero and a one at the same time. so a quantum computer can do a calculation, but all the possible calculations at the same time. so it's massively more powerful. >> how will t

jack door see runs twitter, evan spiegel runs snap.hey're not either willing to give up control, at least not now -- >> can't the shareholders sue the founder, like uber, call it a day? >> founder friendly. >> i think, look, founder friendly has good and bad. look at google and facebook, they're examples in favor of founder run companies. at the same time, founders knew when to step off in the case of facebook -- >> there were people whispering in his ear about that. i don't think he woke up one morning that way >> you then take the advice. you take the advice, work off that we're not seeing that as much in the case of uber, absolutely not the case i think twitter and snap, still up in the air. >> should they have gone public? >> snap was losing money, went public while losing money. there's argument to be made they went public too early. i think it's more that they have to sort of press the narrative that young people love the service, they're getting older every day, more valuable every day. >> we have to go what did you make for din

bottom for snap >> a lot of these guys are also under water so i discount that a little bit and evan spiegelf the year. >> and bobby murphy. >> but what you have to focus on is the fact that user growth is actually okay. 100% of the problems are self-inflicted the users are there they're not monetizing by definition that's where the disconnect was. you think the consistent criticism that they are product guys and not ad guys is fair >> they're focused on the mission statement and i think a lot of the cases here can be extended over to twitter as well because they have strengths and they're not focussing on those strengths. they're trying to be everything to everyone so the mission statements are aligned with capitalizing about what they have in front of him. >> what facebook is doing right is having a good ad strategy but it's just having the largest social network and able to copy features it looks elsewhere. look at the reports this weekend about how whatever the name of that data company that it bought, it uses that installation on people's phones to track their usage of apps like snapcha

. >> so evan spiegel is actually going back and forth with his mentor insane should i take this offer, 10 billion come and go public or not. a lot of interworking with venture capital. >> you pay these guys come encouraging them to go find the next entertainment company to hack into. >> backers said they made 12 to 15 billion big coin a year. >> i can still drop it. no insurance that you pay them to release information. that is the issue. a lot of companies don't pay. i doubt the validity of 12 to 15 million because i just doubt they are getting paid. sandra: tracee carrasco coming thank you for bringing this story to us. after u.s. intelligence detected the hermit kingdom loaded anti-ship cruise missiles onto a patrol boat. how president trump's administration is cracking down next. tesla feels up on debt. elon musk new expansion plan to raise $1.5 billion in additional capital straight ahead. ♪ what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on th

evan spiegel, $750 million. scot-free, 750 million cash. he ended up with dual class structure. maria: a good point. investors asked that question, no voting control whatsoever and ask if you want to be in that company. dagen: before the shares went -- >> acres made money, getting hosed and should have listened to everybody. >> even though issuance is up year over year, and they held back the first quarter. 40% of ipos underwater with the average gain 11%. and the evaluations are pie in the sky, it is not 62. >> where do we stand? maria: tell us what you really think. >> those preteens and teenagers don't bring you the dollar. maria: don't be such a stranger, good to see you, rich peterson, isn't ba new tune to tell you about for amazon, plans to take on ticketmaster coming back. the movie annabel creation creeps into theaters, how the scary movie will perform at the box office going into your weekend straight ahead. re value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at wheyou wantven trade wisomto protect it.e,e.