They spent $890,339 on security for Evan Spiegel in 2016? Why does he need that much security? Who is trying to hurt him?
A lot of people want to punch that dude.
Why?
Snap Inc. S-1
91–100 of 337 posts
Re: Snap Inc. S-1
#92So what's the transition time from an S-1 to being able to buy shares. Does it mean the stock will list tomorrow?
Re: Snap Inc. S-1
#93Re: Snap Inc. S-1
#94Is anyone else seeing these numbers? How are they pushing for such a high valuation with those kind of losses? I suspect that Snap is merely capitalizing on traditional advertising metrics (engagement, CTR) which don't translate over on their app, and the advertisers just haven't caught on yet. People play with filters because they're funny/amusing, but those impressions don't convert into purchases in the same way o…
I would disagree about the value they are offering to advertisers. Offering a platform where targeted users actually engage with the ad is huge. I'm no advertiser, but that sounds kind of like the holy grail - the user is not only engaging with the ad, they are then sharing that ad + engagement with their friends.
Re: Snap Inc. S-1
#95I wonder if Snapchat is still using AppEngine. I'm pretty sure they were 50%+ of the AE traffic at some point.
Re: Snap Inc. S-1
#96"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?
Maybe it is, but this is a path-dependent phenomenon. GAE allowed Snap to reach this point in their growth. If they had earlier focused on internalizing their operations they might have failed to get here. Now that they are here, it apparently makes sense for them to commit to GAE for at least several more years.
Re: Snap Inc. S-1
#97They spent $890,339 on security for Evan Spiegel in 2016? Why does he need that much security? Who is trying to hurt him?
If Snap Inc. IPOs at their expected 25B value, Spiegel will be valued at nearly 5 billion (21% ownership), so ~1 million in security per year is not too far-fetched.
Why not just kidnapping insurance?
Re: Snap Inc. S-1
#98So what's the transition time from an S-1 to being able to buy shares. Does it mean the stock will list tomorrow?
A month or two. I'd wager 6 weeks.
The S-1 is for the roadshow to create the underwriters and syndicate. They want to study our reactions and other people's reactions to see how they can price the shares.
It is all about perception at this point. Share value number should go up.
Re: Snap Inc. S-1
#99Re: Snap Inc. S-1
#100> We have incurred operating losses in the past, expect to incur operating losses in the future, and may never achieve or maintain profitability. Also having only 158 million daily active users up from 150 million in June is definitely interesting and a lot smaller growth jump than I had expected. Revenue up from $58MM in 2015 to $405MM despite a loss of $515MM last year. Wishing them best of luck, but I wonder how m…
158M DAU is not bad, but I would guess they are to some extent limited by the amount of iOS and Android devices in circulation? How are they going to get that number to 300M, or 500M? My best guess is they won't, ever.