BAES 158: DEEP DIVE: How is Snapchat Still Alive?

**SPEAKER_2** (0:02)
I'm not giving up.

**Ben** (0:03)
I am selling the building.

**SPEAKER_2** (0:06)
The final season of FX is the Bear.

**Ben** (0:10)
The restaurant is flooded.

**SPEAKER_3** (0:12)
Everything's either going to be okay.

**Ben** (0:15)
No, stop.

**SPEAKER_2** (0:16)
Or not. We are outgunned and we are outmanned, but we have each other.
FX is the Bear, the final season. All episodes now streaming on Disney Plus.

**Ben** (0:29)
Snap Inc, also known as Snapchat.

**Emil** (0:32)
Also known as...

**Ben** (0:33)
Snap Crap.

**Emil** (0:34)
Nothing good happens on there, so it's like...

**Ben** (0:35)
Nothing good happens on Snapchat.

**Emil** (0:37)
What are you going to do?

**Ben** (0:38)
Evan Spiegel is debuting this.
They're called Spex. They're 2195 augmented reality glasses, and they are 15 times higher priced than the $130 camera glasses they debuted in 2016, which by the way, never caught on.

**Emil** (0:55)
I don't think they're like, oh, I want the phone just etched on to my face at all times.

**Ben** (1:00)
I wish I could put it on.

**Emil** (1:04)
I hate this thing. It's ruining my life. I want to look at it less.

**Ben** (1:06)
Oh, say less. I'll make it so you wear it.

**Emil** (1:09)
The ecosystem thing is a great moat, but dude, you do not even remotely have it.

**Ben** (1:15)
Episode 1, Will just ended Jaden's career. Okay. Hustle Cartel is a pure op now. Don't know what hard, 50 percent of those words.

**Emil** (1:25)
I know what they mean, but they've arranged them in a way that I couldn't even begin to tell you.
She ain't going to like that kind of stuff, that kind of clap him. Nine, eight, seven, six, five, four, three, two, one.

**Ben** (2:09)
Whoa, welcome back, everybody. Boy, do we have a great episode for you today. We are talking all about the absolute garbage fire that is Snap Inc., also known as Snapchat.
Also known as Snap Crap.

**Emil** (2:26)
Also known as where Ben...

**Ben** (2:29)
Yeah. I'm glad you stopped because I bet it wasn't good.

**Emil** (2:33)
Nothing good happens on there. So it's like-

**Ben** (2:35)
Nothing good happens on Snapchat.

**Emil** (2:36)
What are you going to do?

**Ben** (2:37)
I actually did get catfished on there once in 2014

**Emil** (2:42)
You thought you were-

**Ben** (2:45)
I thought I was talking to a big sexy hairy guy.

**Emil** (2:48)
But it turned out to be a sexy woman, unfortunately.

**Ben** (2:50)
Yeah, and I was disappointed.
And we're going to be talking about that pretty much a deep dive on what they do, their latest foray into hardware, which is an absolute joke. Whether or not they can do it, we will speculate on that. And all about, we're going to dive into how they're managed or rather how I should say, rather I should say mismanaged.

**Emil** (3:15)
Also, the more I looked into it, I kind of think the glasses are less of a joke, but-

**Ben** (3:20)
Wow. So, okay, we've got some-

**Emil** (3:22)
I don't think they're going to work, but we'll see.
And sorry if you can hear my little cough. There's a fire. There's a, you probably, you may have heard about a little bit of a-

**Ben** (3:32)
We didn't start the fire.

**Emil** (3:33)
Factory fire nearby.

**Ben** (3:35)
Yeah. It was always burning.

**Emil** (3:37)
And it's just giving me a little bit of a throat ache, breathing in all the nastiness.

**Ben** (3:44)
And then if we got time, we're going, which we probably will. We're going to get around to some critical AI updates and also, so just a little bit up top, we did our Q&A last week for thebenandemilshow.com subscribers. We do it monthly. So please go sign up if you haven't support the show.
And we're going to have comment of the week. Oh crap. I didn't pick one. Actually, I did. I'm lying.

**Emil** (4:10)
He's joking.

**Ben** (4:11)
Also, we got our StockTwits episode comes out this Thursday. And be sure to check out last week's episode.

**Emil** (4:16)
Also, the Q&A episode.

**Ben** (4:18)
It's really good.

**Emil** (4:19)
It prompted. It was very fun. It prompted something. I have to ask Ben something about his culture in in the bonus episode.

**Ben** (4:27)
And culture.

**Emil** (4:27)
We'll have that.

**Ben** (4:29)
Is this a butt poop related thing?

**Emil** (4:31)
No, it couldn't be.

**Ben** (4:34)
OK, well, hey, let's get right into it, shall we? So Evan Spiegel.

**Emil** (4:40)
You guys all saw his goofy ass face plastered all over the Internet with his.

**Ben** (4:45)
He looks like a bird.

**Emil** (4:47)