Jim Cramer calls Snap CEO Evan Spiegel 'arrogant' after first-ever earnings call

Evan SpiegelGetty/Michael KovacSnapchat CEO Evan Spiegel speaks onstage during ‘Disrupting Information and Communication’ at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 8, 2014 in San Francisco, California.

Snapchat CEO Evan Spiegel is under fire after his performance during Snap’s first-ever earnings call. 

Despite less-than-stellar growth reports, the 26-year-old Spiegel was defiant and laughed off concerns that Facebook was encroaching on Snapchat’s turf, a move CNBC’s Jim Cramer called “so arrogant.” 

“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. 


Get the latest Snap stock price here.

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