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Where Snapchat went wrong

By Seth Fiegerman

Evan Spiegel, the 27-year old cofounder and CEO of Snapchat’s parent company, is often billed as a visionary.

But now Spiegel seems to be admitting to some significant flaws in his vision.

After Snap released its earnings report on Tuesday, Spiegel got on a conference call with analysts and acknowledged a series of mistakes and shortcomings.

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