Earlier quoted context omitted.
foolishly tho; they have 4B profit on 18B revenue, pretty short of 300B
It's an investor's job to be so foolish.
their P/E ratio is huge, they are not worthless just overvalued
Snapchat raised $1.8B in a Series F round
81–90 of 337 posts
Re: Snapchat raised $1.8B in a Series F round
#82People need to stop focusing their criticism on how stupid the app is or how they're going to lose all their users. It's almost a meme by now of how people say this every time Snapchat is brought up. By now it's a foregone conclusion, and requires active ignorance and not really caring to keep an open mind, to continue to hold onto that belief in the face of tremendous evidence that 1) Snapchat is very popular, 2) Sn…
I don't understand why use cases 1 and 2 wouldn't just send a text message picture. Why would you bother with a 3rd party app that erases them? With that said, that is probably the least percentage reason as to why people use it. The greatest being for sending half naked photos to strangers.
Snapchat removes the hesitation about what you are sending. People don't worry about picture quality, etc. It's a temporary message. It really is about the content.
Re: Snapchat raised $1.8B in a Series F round
#83People need to stop focusing their criticism on how stupid the app is or how they're going to lose all their users. It's almost a meme by now of how people say this every time Snapchat is brought up. By now it's a foregone conclusion, and requires active ignorance and not really caring to keep an open mind, to continue to hold onto that belief in the face of tremendous evidence that 1) Snapchat is very popular, 2) Sn…
look, I am all for giving snapchat the benefit of the doubt (or I did a long time ago) it was actully the classic zuckerberg boardroom story peter theil tells all the time, except zuckerberg was yahoo to snapchat(i think yahoo was the aquirer but IDRP). Mark Zuckerberg was a the full package, a super talented developer and shrewd business man. Maybe he was cocky, maybe he was super clever, but he doubled down on hims…
"If a snapchat clone came out tomorrow, snapchat wouldn't be as sticky"
there have been plenty. facebook even launched one
Re: Snapchat raised $1.8B in a Series F round
#84People need to stop focusing their criticism on how stupid the app is or how they're going to lose all their users. It's almost a meme by now of how people say this every time Snapchat is brought up. By now it's a foregone conclusion, and requires active ignorance and not really caring to keep an open mind, to continue to hold onto that belief in the face of tremendous evidence that 1) Snapchat is very popular, 2) Sn…
Perhaps it doesn't scale well, but their sponsored face filters seem to be getting a good reception. It's rare for people to find ads fun.
Re: Snapchat raised $1.8B in a Series F round
#85Shameless Google Cloud plug: Snapchat runs entirely on Google Cloud Platform, and have famously declared that they have 0 Ops people because everything they use is fully-managed and no-ops. This is one of the reasons they are able to deliver features at such a rapid pace - they aren't worried about scale or reliability the way anyone at the scale is on-premise or on AWS/Azure.
I find it somewhat humorous that the examples GCP reps hold up as use cases are grossly unprofitable startups (Snapchat, Spotify).
Re: Snapchat raised $1.8B in a Series F round
#86Shameless Google Cloud plug: Snapchat runs entirely on Google Cloud Platform, and have famously declared that they have 0 Ops people because everything they use is fully-managed and no-ops. This is one of the reasons they are able to deliver features at such a rapid pace - they aren't worried about scale or reliability the way anyone at the scale is on-premise or on AWS/Azure.
If you can map your workload and tasks onto Google Cloud Platform and the economics are in your favor, and you trust Google, it's a good thing. I'm sure it would work for many startups, but I'm curious how much of a lock-in it is and how much work it would be to move somewhere else.
Re: Snapchat raised $1.8B in a Series F round
#87Shameless Google Cloud plug: Snapchat runs entirely on Google Cloud Platform, and have famously declared that they have 0 Ops people because everything they use is fully-managed and no-ops. This is one of the reasons they are able to deliver features at such a rapid pace - they aren't worried about scale or reliability the way anyone at the scale is on-premise or on AWS/Azure.
I find it somewhat humorous that the examples GCP reps hold up as use cases are grossly unprofitable startups (Snapchat, Spotify).
What are you implying?
Re: Snapchat raised $1.8B in a Series F round
#88People need to stop focusing their criticism on how stupid the app is or how they're going to lose all their users. It's almost a meme by now of how people say this every time Snapchat is brought up. By now it's a foregone conclusion, and requires active ignorance and not really caring to keep an open mind, to continue to hold onto that belief in the face of tremendous evidence that 1) Snapchat is very popular, 2) Sn…
I don't understand why use cases 1 and 2 wouldn't just send a text message picture. Why would you bother with a 3rd party app that erases them? With that said, that is probably the least percentage reason as to why people use it. The greatest being for sending half naked photos to strangers.
This is a refrain on Hacker News since I started coming here for insights since 2008.
That because you, personally, don't understand why you would do such a thing therefore said thing is invalidated.
It's lazy.
Additionally taking that point of view outs you.
Much like how when I was 16-23 and creating things on the internet when there was only 100MM users and people were wondering why anyone would want to spend all that time on the computer.
Or ever make a webpage.
Or put their information online.
Or meet people you've only emailed.
Or use a credit card to buy things.
All in all, the answer is always: there are 7 billion of us out here, the world doesn't revolve around you, grow up.
Re: Snapchat raised $1.8B in a Series F round
#89Shameless Google Cloud plug: Snapchat runs entirely on Google Cloud Platform, and have famously declared that they have 0 Ops people because everything they use is fully-managed and no-ops. This is one of the reasons they are able to deliver features at such a rapid pace - they aren't worried about scale or reliability the way anyone at the scale is on-premise or on AWS/Azure.
Okay. What about their deployment CI/pipeline? I don't think GC offer that? I want to emphasize my philosophy on ops vs dev. I strongly encourage dev learn to do ops and ops should do dev work. So the question is, who is doing everything else outside of product development? Is dev doing all of the traditional ops-only work? Creating a self-service portal is both a dev and an ops job. It may just happen that someone is not 100% dedicated to do ops work. This is not even a debate of dev vs devops role. It would be disingenuous to say there is 0 Ops people if some dev are involved in doing Ops work (setting up DNS even programmatically). So I'd ask for clarification. Let's face it, someone is doing Ops work, but with a different title.