What a shit design of this page.
I know - it's fully searchable, everything easily accessible. What were they thinking?
Snap Inc. S-1
71–80 of 337 posts
Re: Snap Inc. S-1
#72When are they going to be on Nasdaq? I'm not sure where to find this info.
Never. They're on the NYSE.
Re: Snap Inc. S-1
#73Re: Snap Inc. S-1
#74Am I reading this right? I'm no banker... Their losses for 2016 were ~$500m? That's very steep, but it looks like revenue grew almost 700%. Wow. Insane numbers. I don't think anyone on the planet knows what's going to happen with them but I am sure interested in finding out.
$50 it'll tank like Twitter. (And to the people downvoting me, please explain why you think it won't tank like Twitter - thanks!)
Funnily, the way I see most people use Snap is "Twitter but video"
Re: Snap Inc. S-1
#75Earlier quoted context omitted.
How does this differ from what Facebook and Google did? Did they offer stock that technically had voting power but in practice was massively outweighed by the founders' voting power? Whereas Snapchat is dispensing with such technicalities and just outright stating the founders control it?
When Facebook IPOed it had two classes of voting stock. Normal and super voting. They only offered the normal voting stock. Facebook and Google both later offered non-voting stock, but not when they IPOed. Not sure if it really makes a difference overall, but unlike Facebook and Google there is no public Snap Inc. voting stock.
There is no non-voting FB stock yet. It's still tied up in a shareholder lawsuit.
Re: Snap Inc. S-1
#76They spent $890,339 on security for Evan Spiegel in 2016? Why does he need that much security? Who is trying to hurt him?
"When Spiegel travels between his company's scattered outposts, he normally has a Range Rover with a private driver transport him from building to building. The former employee described it like the president arriving: a black car would pull up and Spiegel would hurriedly pop out with his security detail."
http://www.businessinsider.com/what-its-like-to-work-at-snap...
Re: Snap Inc. S-1
#77"We have incurred operating losses in the past, expect to incur operating losses in the future, and may never achieve or maintain profitability." haha
This is boilerplate S1 language.
Re: Snap Inc. S-1
#78Earlier quoted context omitted.
$50 it'll tank like Twitter. (And to the people downvoting me, please explain why you think it won't tank like Twitter - thanks!)
Funnily, the way I see most people use Snap is "Twitter but video"
Their revenue ($400MM) is impressive for a messaging app, but honestly, the valuation it carries at this point is nuts. It's just an app and I personally don't believe it has a sufficient economic moat to justify that. Where's the ecosystem? How can we bolt on value from having that audience? Unlike Facebook, we won't have a billion people using Snapchat any time soon.
Then again, I didn't believe Instagram was worth $1bn when acquired either, and looking back, was wrong on that. But there's a massive disconnect between the current valuation of Snapchat, and the valuation of Instagram (when it was acquired).
Re: Snap Inc. S-1
#79Earlier quoted context omitted.
Is it not possible to build your own "alternative in the market" for $2 billion?
Of course it is. But you need to operate the service while you're building the replacement. What that says to me is that there is an order of magnitude improvement in their operational costs available to them. Depending on how long it takes to build their own infrastructure, that could imply a big boost to margins 1, 2 or maybe 3 years down the road.
The cost of moving software that relies on app engine frameworks is probably the bigger unstated one. Unless you can port those frameworks to your shiny new datacenter with automated deploys, etc, you'd be running two versions of the same code for a while.
Re: Snap Inc. S-1
#80Much greater losses than Twitter's S1. Snap's revenue is 27% higher but 548% greater net losses. Twitter s1: https://www.sec.gov/Archives/edgar/data/1418091/000119312513...
I'm wondering where the loss is coming from. I'm skeptical that it's all coming out of the cost of infrastructure and workforce. I know they've had some company acquisitions in the past, so I wonder how that is coming into play.