201–210 of 337 posts
Executive Compensation Name and Principal Position Year Salary Bonus(1) Stock Awards(2) All Other Total Evan Spiegel 2016 $ 503,205 $ 1,000,000 $ — $ 901,635 $ 2,404,840 2015 363,715 1,000,000 — 344,756 1,708,471 Imran Khan 2016 241,539 5,239,460 — 14,658 5,495,657 2015 230,000 — 145,292,145 348 145,522,493 Timothy Sehn(6) 2016 400,152 1,000,000 40,000,020 8,348 41,408,520
"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).
Interesting detail from the Google license exhibit: Encryption Technologies. Google makes HTTPS encryption (also referred to as SSL or TLS connection) available. Google servers support ephemeral elliptic curve Diffie-Hellman cryptographic key exchange signed with RSA and ECDSA. These perfect forward secrecy (PFS) methods help protect traffic and minimize the impact of a compromised key, or a cryptographic breakthroug…
"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).
Interesting detail from the Google license exhibit: Encryption Technologies. Google makes HTTPS encryption (also referred to as SSL or TLS connection) available. Google servers support ephemeral elliptic curve Diffie-Hellman cryptographic key exchange signed with RSA and ECDSA. These perfect forward secrecy (PFS) methods help protect traffic and minimize the impact of a compromised key, or a cryptographic breakthroug…
My takeaway was that Snap has 1,859 employees... huh? Why does a company with a single product, which is a mobile app (so what is that these days, three platforms?) need almost two thousand employees - am I missing something? No wonder they lost $514mil in 2016, that's an absurd amount of overhead for a company with a single, not very cumbersome product.
Earlier quoted context omitted.
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.
Well, they do have 1859 employees. If you say on average they're paid $50k each (totally made up estimate, would love for someone to give me a better one), that would be almost $100mil a year in base salary alone.
Am 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!)
Earlier quoted context omitted.
Not a businessman but who says its all about the infra. buy vs. build. It allies them with Google. It gives arguably the most powerful co. in the world a stake in Snap' growth and success.
That's a great point, along the lines of, "When you borrow $100 the bank owns you; when you borrow $1,000,000 you own the bank"
Very interesting to see what they think of their competition: > We face significant competition in almost every aspect of our business both domestically and internationally. This includes larger, more established companies such as Apple, Facebook (including Instagram and WhatsApp), Google (including YouTube), Twitter, Kakao, LINE, Naver (including Snow), and Tencent, which provide their users with a variety of produc…
This probably has more to do with anti-trust concerns. They don't want to appear as a monopoly to regulators.
"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).
I find the "do not have an alternative in the market" comment interesting - is there really anything which AWS does not have the GCE does?
I need the actual GPU—graphics, OpenGL, etc.—part, not just CUDA, in addition to the hardware H.264 encoders that come with nVidia's GRID CPUs. GCE has no equivalent.
We're also using Amazon's Elastic File System, and I don't think Google has an alternative—though that's something I could handle differently if I had to, at higher cost.