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> Snap Inc. is a camera company interesting statement from a company that just released their first camera (Spectacles) few months ago. i'm not sure if their users see them as a camera company.
It's great to see both founders ( Evan and Bobby ) ended out with equal shares, both at 21.8% of Common A Stock. The history is pretty interesting, and as always there is a possible 3rd founder. https://techcrunch.com/2013/07/31/spiegel-murphy-say-alleged...
"We have committed to spend $2 billion with Google Cloud over the next five years and have built our software and computer systems to use computing, storage capabilities, bandwidth, and other services provided by Google, some of which do not have an alternative in the market." There's some numbers for you that Google wouldn't have provided (as far as I have seen).
Is it not possible to build your own "alternative in the market" for $2 billion?
> Snap Inc. is a camera company interesting statement from a company that just released their first camera (Spectacles) few months ago. i'm not sure if their users see them as a camera company.
> Snap Inc. is a camera company interesting statement from a company that just released their first camera (Spectacles) few months ago. i'm not sure if their users see them as a camera company.
Of course, labelling themselves as camera company isn't going to fool HN, but it might be viewed in a different light by investors.
"We have committed to spend $2 billion with Google Cloud over the next five years and have built our software and computer systems to use computing, storage capabilities, bandwidth, and other services provided by Google, some of which do not have an alternative in the market." There's some numbers for you that Google wouldn't have provided (as far as I have seen).
Earlier quoted context omitted.
Is it not possible to build your own "alternative in the market" for $2 billion?
This, and related topics, always makes me laugh a bit. Mostly because people and companies will defend either move, with terms such as "focusing on the core business" or, opposite that statement, as "vertical integration". From my mostly uninformed POV, a company can do whatever they want with respect to this and be on good ground, making it an arbitrary decision with little basis in actual objectivity.
Serious question: how does Snapchat spend so much money on infrastructure? How could the app run up a $2b Google Cloud tab? Would anyone care to break it down?
At that scale (160M active users [0]) I guess they could easily develop and run their own infrastructure. $2bn just screams 'inefficient implementation' to me... I could be wrong though.