331–337 of 337 posts
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And Facebook spends $5mn on security for its CEO and $1m for its CFO. http://nypost.com/2016/04/28/facebook-has-spent-14-5m-on-zuc...
I would say that Zuckerberg is much more recognizable than Spiegel. Likely gets mobbed where ever he goes.
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.
Snap is a media platform that comes with all of the overhead of running a global, culturally sensitive media business. There's user generated content at the center, but there are also a lot of partnerships, curation, etc going on too.
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The same reason you don't use margin if it costs you 10% per year: risk vs reward and potential upside.
If you are as confident as you sound you may want to pay the 10 % annualized to short some shares, especially if it pops after the IPO. I tend to get annoyed when people have extremely overconfident predictions yet don't act on them. Just responding to your parent comment, it's hard to tell how bullish your actually are on SNAP from a brief paragraph. I'm bullish also but won't touch the thing unless it gets into ter…
There are plenty of stocks out there with sufficient potential upside that I don't need to use leverage (either by borrowing at high interest on margin, or by borrowing and shorting expensive shares). Borrowing at low interest rates I will consider, but probably only for stable dividend shares.
I'm 90% certain that this won't be a killer IPO, if you look back 2 years after it floats. But there are sufficient interesting companies out there for me not to care about how it does, either way. Just putting it on my 'to watch' list.
Edit: thoughts on GPRO and TWLO?
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Things scale differently in different markets and products... It might be trivial to spin up extra cloud capacity within Google's system and benefit from all the robustness and redundancy they've already designed out. Meanwhile, Amazon is building their own UPS competitor because their infrastructure needs in the real world are specialized enough to be able to benefit. Each case is different and the details drive the…
I think Amazon is building their own UPS because UPS hasn't scaled for them.
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If you are as confident as you sound you may want to pay the 10 % annualized to short some shares, especially if it pops after the IPO. I tend to get annoyed when people have extremely overconfident predictions yet don't act on them. Just responding to your parent comment, it's hard to tell how bullish your actually are on SNAP from a brief paragraph. I'm bullish also but won't touch the thing unless it gets into ter…
Not bullish at all on SNAP at current valuations. It needs to drop significantly (i.e. more like an $7-13bn valuation, with good growth, and preferably $700MM-1bn in revenue) before I will consider buying in. There are plenty of stocks out there with sufficient potential upside that I don't need to use leverage (either by borrowing at high interest on margin, or by borrowing and shorting expensive shares). Borrowing…
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How many people actually care about Rotten Tomatoes ratings though? I know of plenty of movies that have terrible ratings from professional critics, but got great box office earnings and all my friends who watched it really enjoyed. There's also plenty of movies with great ratings that I disliked. Outside of your programmer/hacker/related friends, how many actually look at at the Rotten Tomatoes/Metacritic ratings be…
I was using Rotten Tomatoes mostly as a placeholder for all the movie reviews/discussions on sites like Reddit, niche film-focused communities, etc. I personally go by the Reddit discussion on /r/movies. It usually tells me if the movie is going to be worthy my time or not