Earlier quoted context omitted.
...and TWTR isn't doing so well
Which could in part be because of Snapchat, if we're being honest.
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Snap Inc. S-1
231–240 of 337 posts
Re: Snap Inc. S-1
#232Earlier quoted context omitted.
It is absolutely possible to build a stellar internal alternative to Google's offerings in 5 years with 2 billion dollars. edit: I should point out that this doesn't account for ramp-up. It would obviously take awhile before things would be to a point where it would be even comparable.
Just to clarify your answer, here is another thing Google won't tell you: once you build yourself in their cloud you will have to find something else to do with all the time you used to spend on latency.
Why won't Google tell you that?
Re: Snap Inc. S-1
#233My 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.
It works out to be $230k p.a of revenue per employee, which is on par with the better larger SaaS co's like Atlassian and Github .
The employee counts of the later don't get a second look on HN, and they aren't growing at 6x revenue (or whatever it is) like Snap is.
Re: Snap Inc. S-1
#234Re: Snap Inc. S-1
#235Earlier quoted context omitted.
My guess would be the huge compute power needed to transcode that much video.
and storage, i'm guessing
video transcoding wouldn't it be better on FPGA or some DSP? and storage - compression? I mean are all those images that different from each other? Different people make photos and videos of basically the same stuff.
Re: Snap Inc. S-1
#236"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…
How is that "interesting"? They're just saying they use ECDHE which, by definition, provides forward secrecy.
Re: Snap Inc. S-1
#237I use snapchat every single day. I know my friends who've moved off facebook and Instagram use it extensively too. Its the facebook for young people. No one I know who is under 20 uses facebook anymore. Mostly because their parents are on facebook. Snapchatters post a lot more stuff that they won't usually post on public social media. After 24 hours it goes poof.
I expect a dip after IPO and then a nice rise like facebook once they figure out how to advertise to the teens.
Worth a wait and then buy once all the adults think its worthless.
Re: Snap Inc. S-1
#238Executive 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
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Re: Snap Inc. S-1
#239"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?
for infrastructure on that scale smart money would be on Lambda or some other FaaS to leverage huge price savings and create a barrier to entry for competitors
Re: Snap Inc. S-1
#240"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?
Expert on Cloud Computing here. Short answer is "No". Here is why. Google Cloud has infrastructure that scales to petabytes of data and millions of users. Google primary uses this infrastructure for storing, processing and communicating the Internet. Add the services like Pub/Sub, Dataflow, BigQuery, TensorFlow & CloudML and things like security, communication backbone, ... its near impossible to build Google Cloud or even few critical components like the ones mentioned above with 2 billion dollars. Also, if they focus on building infrastructure, it might slow them down significantly. They are better off building their chat platform rather than building the infrastructure.