Snapchat is not any better. Given their financials I am sure they are selling my data to anyone who is willing to pay for it.
s/spiel/shtick/He basically said it's based only on financials. Perhaps better to say why you feel he should change his opinion, just need on Snap's spiel?
Between the two I'm more inclined to believe "industry practice + financials" than "marketing spiel".
Do you (or above else) have anything better to go on?