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Snap Jumps in Debut After App Maker Raises $3.4B in IPO

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Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#71

Post by jotux »

elsewhen wrote: post #43
linuxkerneldev wrote: post #34

This $27.8 billion dollar valuation tells me that somewhere along the line, my job and lifestyle have caused me to detach from a significant chunk of society. I've never used Snap or their platform. I don't even really know what the benefit of their service. I am curious if I'm in the minority or if there's lots of developers like me who aren't able to comprehend these valuations.

the fact that you havent used snap doesnt really speak to their valuation. here are some large cap (+$200B) U.S. companies that i have never used: jpmorgan chase, wells fargo, at&t, bank of america, pfizer, verizon.

>here are some large cap (+$200B) U.S. companies that i have never used: jpmorgan chase, wells fargo, at&t, bank of america, pfizer, verizon.

But you probably have used those companies without knowing. You've probably traveled through an area with cell towers owned and operated by att and verizon. You've maybe received financing on a purchases or had financial services through a smaller bank in some way aided by chase/wells fargo/bofa. And you've never used any of pfizers commercial products? How about advil, chapstick, dimetapp, or robitussin?

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#72

Post by missing8 »

InternetUser wrote: post #49
linuxkerneldev wrote: post #34

This $27.8 billion dollar valuation tells me that somewhere along the line, my job and lifestyle have caused me to detach from a significant chunk of society. I've never used Snap or their platform. I don't even really know what the benefit of their service. I am curious if I'm in the minority or if there's lots of developers like me who aren't able to comprehend these valuations.

> my job and lifestyle have caused me to detach from a significant chunk of society Yeah, the 13-21-year-old chunk of society. Do you, as a Linux Kernel Developer, happen to be within that demographic? Even their IPO roadshow video (which I see has now been removed) talks about their "13-34-year-old" user base, and then emphasizes the far higher levels of engagement and far higher potential among the lower half of th…

Sure the bulk of their users are young, but several of the people I follow are betweeen 28 and 45.

It's not like Snapchat is an esoteric thing. Using it can be a function of how outgoing and expressive you are. Or if you have some purpose.

The same reason you post on Hacker News is why people post on Snapchat -- to interact with others.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#73

Post by hueving »

edoceo wrote: post #56
paglia_s wrote: post #42

As an user in their target age (18-24) I have to say that since Instagram started introducing features like stories and stickers the activity in my Snapchat has diminished enormously. I would say 50-70% less activity. I don't know if it's something specific to my social circle or more widespread but anyway it's been impressive

Your case matches with the three people ("melinials") I know who have used Snapchat.

Millennials actually covers much more than that and someone who is 18 now would likely not even be considered a Millennial. If you parent was a baby boomer, then you are a Millennial.

https://en.wikipedia.org/wiki/Millennials

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#75

Post by mring33621 »

I think it's generally appropriate to view events like this SNAP IPO as loudly hyped introductions of new vehicles for financial speculation.

SNAP is a shiny new toy for traders and market-makers.

We won't know how the public market truly values SNAP until, IMHO, maybe 12-24 months from now.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#76

Post by oxide »

Grue3 wrote: post #60
InternetUser wrote: post #49

Earlier quoted context omitted.

> my job and lifestyle have caused me to detach from a significant chunk of society Yeah, the 13-21-year-old chunk of society. Do you, as a Linux Kernel Developer, happen to be within that demographic? Even their IPO roadshow video (which I see has now been removed) talks about their "13-34-year-old" user base, and then emphasizes the far higher levels of engagement and far higher potential among the lower half of th…

>Yeah, the 13-21-year-old chunk of society MySpace had that one nailed, and look how that turned out for them. This is exactly the kind of demographic that is susceptible to fads and keeps leaving dead services in its wake.

once it hits the mainstream it isn't cool anymore, take Facebook for example. kids hate it now, because grandma, mom, dad and aunt marie all use it.

when it comes to social media of any type, if your grandma is using it, you don't want to be using it, since it must be for old people.

according to teenager logic, anyway.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#77

Post by avenoir »

linuxkerneldev wrote: post #34

This $27.8 billion dollar valuation tells me that somewhere along the line, my job and lifestyle have caused me to detach from a significant chunk of society. I've never used Snap or their platform. I don't even really know what the benefit of their service. I am curious if I'm in the minority or if there's lots of developers like me who aren't able to comprehend these valuations.

While i'm generally in the same boat with you, i do have a couple of 30+ friends who use Snapchat. That's a couple more than Twitter. I personally don't know a single person who uses Twitter, regardless of whether they're in tech or not, which paints a slightly different perspective on the whole Snapchat phenomena for me. I also want to point out that the possibilities of what Snapchat can become scares the shit out of me. They have the largest database of people's faces and they can do a lot of things with it.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#78

Post by moolcool »

pibefision wrote: post #4

Reminds me of Twitter IPO... just wait.

I think this will be worse. Snapchat isn't nearly as culturally sticky as Twitter. Sites like Twitter, Instagram, and Facebook have a robust friend/follower system, and users have a huge backlog of things they contributed to the platforms. No contributions on Snapchat last more than a single day, so what is motivating users to stay on the platform instead of using Facebook or Instagram's offerings? Their friends lists exist both of those places too. In 10 years we'll look back on Snapchat as a flash in the pan.

Re: Snap Jumps in Debut After App Maker Raises $3.4B in IPO

#79

Post by trevyn »

joshuamorton wrote: post #50
elsewhen wrote: post #43

Earlier quoted context omitted.

the fact that you havent used snap doesnt really speak to their valuation. here are some large cap (+$200B) U.S. companies that i have never used: jpmorgan chase, wells fargo, at&t, bank of america, pfizer, verizon.

Right but I think that most people have used a bank, telphony company, or prescription drugs in the past. OTOH, depending on how loosely or tightly you define what snapchat is ("ephemeral image communication platform", "image communication platform", "communication platform", "social media", "news aggregator"), there are huge groups of people that have never used snapchat or any competing products. There are lots of…

Official company description, possibly useful in defining what Snapchat is:

"Snap Inc., formerly Snapchat, Inc., is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps. Snaps are viewed primarily through the Snapchat application, but can also be embedded on the Web or on television in certain circumstances. Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. The Company’s advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters. As of December 31, 2016, on an average, 158 million people used Snapchat every day to Snap with family, watch Stories from friends, see events from around the world, and explore curated content from publishers."

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