Snap Desperately Tries to Prevent Copycats

Actions speak louder than words, and despite Snap (NYSE: SNAP) CEO Evan Spiegel's comments on the company's first public earnings call, Snap is very much concerned about competitors copying its most popular features.

Bloomberg reported last week that Snap had acquired the team behind Strong.Codes, a small start-up based in Switzerland that specializes in obfuscating code. The smaller company says that it can help "Protect your software against reverse-engineering!" Snap previously hired co-founder Laurent Balmelli in February, but has since recruited the rest of the team to join the Snapchat operator, according to the report.

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Source: Fool.com