Snapchat CEO Evan Spiegel is under fire after his performance during Snap’s first-ever earnings call.
“Evan Spiegel, listen to me and listen to me good,” the ‘Mad Money’ host said. “You are going to introduce your call the next time. Then you’re going to back off and let your CFO talk. And when you get back on the call you’re going to say ‘Look, I did not do the job I’d like to but I am going to work harder.'”
Cramer took issue with Spiegel comparing Snapchat and Facebook’s rivalry to the one between Yahoo and Google at the turn of the century, and suggested that “humility is a fabulous thing.”
This isn’t the first time that Spiegel has been called arrogant, however — he discussed the topic during his commencement address at USC two years ago, referencing his choice to turn down an acquisition offer from Facebook.
“When we decided not to sell our business people called us a lot of things besides crazy — things like arrogant and entitled. The same words that I’ve heard used to describe our generation time and time again. The Millennial Generation. The ‘Me’ Generation. Well, it’s true,” Spiegel said. “We do have a sense of entitlement, a sense of ownership, because, after all, this is the world we were born into, and we are responsible for it.”
Watch Cramer’s full remarks below.
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