snap ceo evan spiegel joins us

>> well, nate was cyber bullied over snapchat, so and that's owned by evan spiegel. yesterday, i wish that the senate would have grilled him more. i feel like he kind of got away from being asked hardball questions, but with the case of snapchat, we are advocating for a federal law that was just introduced called sammy's law, which forces social media platforms to open up their api to allow parents to use third-party monitoring software, so when a child is in danger or is receiving dangerous content online, a parent would receive an alert notifying them that their child is in danger. so if a snap would open up their platform to these third-party software programs, my husband and i would have received an alert immediately after my son received a message telling him to go kill himself, and we would have been able to intervene. >> if i could just add that one of the counter points that people make, why aren't parents looking after what their kids are doing online. the answer is, there is technology right now that would allow parents to keep their kids safe, or get the p

the ceo of snape, evan spiegel, also apologized for happy says snapchat is being misused but he testifiedt his company works diligently to prevent creditors from abusing the platform. >>> the ntsb has now cleared the wreckage from the deadly plane crash that happened on concord yesterday morning. right at concord avenue, and dimond boulevard. had just left the kennedy airport. witnesses say the plane appeared to lose power and then nosedived right into the street. investigators say it is an experimental home built plane. it was moved this evening to a secure location for the ntsb to examine. they are asking anyone to share audio or video that they may have gotten with the crash. preliminary report will be released later in the month. >>> a 22-year-old man has been arrested for shooting into a south san francisco church. this was a part of our breaking news coverage yesterday at st. augustin church. thankfully, no one was inside when the shots were fired, but you can see the damage, there, to the doors and windows that a san francisco man was arrested and is expected to face charges that c

. >> evan spiegel, the chief executive of snap, also apologized after lawmakers pressed him on the issue of drugs being sold on snapchat. >> but i'm so sorry that we have not been able to prevent these tragedies, the executives emphasized. >> they're parents themselves and they highlighted new tools on their platforms that protect kids from illegal content. >> a commitment is ongoing and unwavering because there is no finish line when it comes to protecting teens, according to a meta spokesperson. >> the company in recent months removed 90,000 accounts for potentially suspicious behavior and disabled more than 2.6 million accounts for violating the company's child sexual exploitation policies. the senate committee says it hopes the hearing will build momentum for legislation aimed at boosting privacy and parental controls. all the executives support that legislation. >> only two of the five executives the ceos of x, formerly known as twitter and snap, are promising to support by partizan legislation that would make these companies more liable for harmful content on their platforms, notab

>> reporter: snap ceo evan spiegel also aggressively questioned. >> did you or everyone else at snap to see that the platform was a perfect tool for sexual predators? >> senator, that behavior is disgusting and reprehensible. >> i am very happy with the senators' questions. they were very pointed. but i was not happy with the responses. >> reporter: for tammy rodriguez, whose 11-year-old daughter died by suicide after severe social media addiction, zuckerberg's apology was not enough. >> when he stood up to apologize, he looked right in my eyes, and there is no feeling or emotion. >> reporter: also in the room, shawna pautsch. she is raising her 11-year-old granddaughter, who she says was sexually exploited on snapchat. >> i am very frustrated with listening to these ceos. how many more children do we need to lose in order for this to change? >> reporter: the next step is for lawmakers to pass legislation. senators durbin and graham tell me that they want to reform the law that prevents users from being able to sue these tech companies. senator graham vows to me today that he will br

one of the tech bosses at the hearing, snap�*s evan spiegel, broke ranks with the company's trade groupgislation. kosa's co—sponsors, democratic senator richard blumenthal and republican senator, marsha blackburn — have applauded mr spiegel�*s endorsement. none of the other tech execs have come out in support of the bill. for more on this, i spoke to lori schott. she attended the senate hearing, and has been fighting to hold social media companies accountable after losing her daughter — annalee — to suicide in 2020. thank you forjoining us on bbc news. i know it can't be easy and we appreciate you coming in to talk to us about your lovely annalee. you lost her, she was just 18, tell us about her? she was beautiful, tiny, little petite powerhouse. she had joy wherever she went and a pep in her step. she was adored by many, she was very much an old soul. you believe she took her own life because of what she was exposed to online? absolutely, don't hesitate. annalee took her life on 15 november, 2020 and after i heard and read about the whistle—blower reports, my sons said "do you think th

one of the tech bosses at the hearing, snap�*s evan spiegel, broke ranks with the company's trade groupation. kosa's co—sponsors, democratic senator richard blumenthal and republican senator marsha blackburn, have applauded mr spiegel�*s endorsement. none of the other tech execs have come out in support of the bill. our north america correspondent nomia iqbal was at capitol hill for the hearing and has more on the day's events. it's quite the hearing and notjust because of the extraordinary collection of the big ceos of these social media companies, but also the combative nature of the hearing. i don't think i've seen republicans and democrats in recent years so united and joined up in really holding these tech giants' feet to the fire. one of the questions hanging over is will anything get done? congress has not passed much legislation to do with child safety in years but the fact that the families were present david's an added sense of urgency. with me is lori schott. she attended the senate hearing, and has been fighting to hold social media companies accountable after losing her dau

evan spiegel said he will continue to try and grow the user base but because of its small size it is currently a less essential player for advertisers which impacts our demand. it also mix it more challenging to rebound systems it has less data and signal to be able to work with in order to do this. >> when you have daily active users, monthly activate hundred million. do you just have to recategorize what snap is. this is a nice company that will be boosting for its earnings, just not at a pace with the major players. jasmine: we are seeing the bigger players get bigger and continue to struggle. snap is never going to be a facebook or instagram, with how many users there are a lot of ones on the platform. one of the big problems on the show before is its primary use case is still messaging. we heard again there is growth in its public facing social media features. but those people who are using on a regular basis are doing so to message. one of the things is all of this is also coming at a time where snap is repossessing itself as this anti-social media platform and that makes sense

in fact, evan spiegel got off easy, he said yes to everything.pport these bills, implement them right now. there is no reason to wait for congress to make that happen. secondly, pool out a net choice. they pay money into a company that lobbies against these bills and will fight these bills to the end. it is easy to be a yes-man when there are people fighting out the back end. griff: thank you for sharing your insight. could please continue to talk with us and offer more suggestions to these companies how to make changes how to protect our children. thank you for your time. anita: coming up next, how a central american jungle being taken over by hippos. you are going to tell us about your trip to colombia and give us a sneak peek into your brand-new fox nation special. stay tuned for that. look at you. if you're age 50 to 85 and looking to buy life insurance on a fixed budget, remember the three p's. what are the three p's? the three p's of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't inc

snapchat ceo evan spiegel also directly apologized to families after prompting from california democrataphonza butler. meanwhile, republican senator tom cotton hounded tiktok ceo shou zi chew, who is singaporean, over his citizenship and ties to the chinese government. >> have you ever been a member of the chinese communist party? >> no. >> have you ever been associated or affiliated with the chinese commonest party? >> i'm singaporean. amy: senator cotton and republican colleagues have called for tiktok to be banned, claiming it is a "spy app for the chinese communist party." elsewhere on capitol hill, the house wednesday passed a $78 billion bill that would expand the child tax credit while reviving some corporate tax breaks. while hailed as a bipartisan victory by centrist lawmakers, around two dozen democrats voted against it. progressive texas congressmember from texas greg casar was one of them, arguing -- "in exchange for a partial return of the child tax credit, republicans got hundreds of billions of dollars in corporate tax cuts. for every dollar going to kids in this bill, fi

kennedy spent some time questioning snap ceo evan spiegel, and i have no idea what he was trying to say. >> mr. spiegel, i see you hiding down there. can we agree that what you do -- not what you say -- what you do is what you believe and everything else is just cottage cheese? [laughter] >> stephen: the senate is so old, even their metaphors can only handle soft foods. "sir, would you agree your internet security is soft and weak, like pudding. it should be hard and impenetrable, like the skin on a pudding." ooh, we have new info about the former president's attempt to steal the 2020 election. according to a new book, trump lawyer sidney powell wanted to tap ex-intel operatives to break into election offices in swing states and seize dominion voting machines and servers. but first warning that the operatives would need "hunting licenses" in order to fulfill their mission. yes, hunting licenses. little known fact: voting machines are all guarded by elk. yeah. now, when pressed what exactly a "hunting license" meant, powell clarified, a "pardon from president trump. i need six to eight p

i think it's notable that evan spiegel also trying to make the point when he was testifying on capitoll, were different from those other players, we are about interacting with people either one-on-one or people you know from real life. >> isn't that a little disingenuous? snapchat is the one where the messages disappear very quickly, and it can be used for pernicious ways, can end, as a result of that fact? so that it can be used as a vehicle to shame or embarrass or otherwise injure somebody. so to say all we're just here trying to put friends together and letting them communicate, come on man. >> look, none of these platforms is without fault or without flaw but i think that they do have different business models. if you look at instagram it's about following companies or people or influencers who you do not know, tiktok is about sharing videos that go from one to many and then youtube is again about the power of these influencers in the people with these massive platforms. they do serve a different purpose, and i think this question about whether snap is more about communication doe

will talk about this and more when we have an interview with evan spiegel, ceo of snap, tomorrow morninghat always. thank you. we will see you in overtime with the actual numbers from snap. i turned back to mike santoli . were adding a little bit as we speak. tao is 38,500. were about 125 two the plus. >> as the market does this see something were some stocks work on a given day. volatility has gotten just strangled. that is what is happening here. people were tensed up and you got the vicks above 14 into 15. see a lot of people scrutinizing exactly what the market expects interns of jumpiness because it seems as if there has been a ton of bets on continued stability. a lot of selling of options, a lot of people saying nothing can seem to knock this market off course. that works for as long as it works and you don't want to fight it. it is a bull market. you should treat it as such. that being said, the market is reacting to itself. it didn't find a lot of macro to chew on today. the two day spike in yields has cooled off. that is keeping socks kind of calm. i have the antenna raised for

we'll have lots of questions for evan spiegel when we talk to him tomorrow morning in "money movers.kwt melissa? >> thank you, julia. let's go to dan, the chief of snap. >> oh, really? this was left for dead in the fall, and people got excited about -- i don't know what they got excited about. if you look at meta, all the stuff that's been exciting in and around that story, and their ability to harness the technology they're investing in. and that's why you had that gap higher. snap is obviously not doing that same level investment, and, you know, to me, it's a really hard one. tiktok has been eating their lunch. they've been cutting costs pretty dramatically, and so, it's kind of snowing in the product inability to monetize those users. it's a hard one. i'll say this, and we did this almost every quarter, you know, the stock gap's down 20%, 30%, routinely. wait a few days and you buy it and it fills in the gap. i know that sounds really cavalier, but the last thing i'll just say is, if these guys are doing this poorly, i can't imagine how badly twitter is doing. >>> coming up, a bur

. >> we'll get more answers coming up on "moving movers" with ebb evan spiegel at 11:00 a.m.astern time. >>> joining us now to talk about this and so much more, mark mahaney, head of internet research do you want to weigh in on the snap of it all >> you just had google, amazon, and meta report accelerating revenue growth that's the real tell snap is the second tier ad platform without a lot of innovation a lot of innovation on the user side but they've always been bereft on that side and it's coming back to haunt them i don't know i think there was some poor communication on the part of the country. expectations were high and they just got smashed. >> what's the middle east thing? >> a couple of companies have called out brand advertising softness that's back in october it probably was a point or two for most companies who have exposure to brand advertising. i think that's a legitimate concern. a lot of companies raised it in november and december. they should. be calling it out now as an excuse. >> the magnificent seven is now the magnificent four three? what's your list at

. >> look, we watched snap yesterday, and of course, boy, that evan spiegel is nice.usiness. they have, like -- they're trying to get a billion maus, but they don't have any customers. the goal is not mau. the goal is customer. meanwhile, who makes up zuckerberg's content? >> the other knock on snap is their stock-based comp and just the engine that it is for enriching a small subset of investors. >> that's just a pathetic parody of the human mind, that company. i think meta is an example of a 23 times earnings stock. i know. he's a seller. but -- >> well, he's selling some but not a lot. >> benioff sells. look, if you back out the cash -- >> bezos is selling amazon too. these guys have expenses. >> do you think amazon is expensive? >> i said expenses. they have expenses. bezos has expenses. >> i'm saying, amazon. do you think that amazon -- that the amazon advertising business may be the single best business of all time? it didn't even exist. >> it's great business, particularly from a margin perspective. yeah. amazing. they're growing, what, 27%? >> they're using in

spiegel? >> chairman durbin, ranking member graham, and members of the committee, thank you for moving forward an important legislation to protect children online. i am evan siegel, the cofounder and ceo of snap. we created snap chat, and online service used by more than 800 million people online to communicate with their friends and families. i know many of you have been working to protect children online since before snapshot was created and we are grateful for your long-term dedication to this cause and your willingness to work together to help keep our communities safe. i want to acknowledge the survivors of online harms in the families were here today who have suffered the loss of a loved one. words cannot begin to express the profound sorrow i feel with a service we have made to bring people happiness and joy that has been used to create harm. i want to be clear we understand our responsibility to keep the community safe. i also want to recognize the many families who have worked to raise awareness on these issues, push for change, and collaborated with lawmakers like the cooper davis act which can help save lives. i started building snapchat with m