Snapchat’s Evan Spiegel dismisses Facebook’s metaverse as ‘hypothetical’

Founder says his company is committed to augmenting the real world rather than replacing it

The Snapchat founder, Evan Spiegel, has dismissed Facebook's metaverse" ambitions as ambiguous and hypothetical" as he announced a raft of new augmented reality features coming to phones and Snap's experimental AR Spectacles over the next year.

Speaking ahead of the Snap Partner Summit, the company's flagship annual event, Spiegel argued Snapchat was uniquely placed to guide the next decade of technology thanks to the company's vast array of augmented reality services, such as the lenses" that are used by millions of people every day.