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Snap Inc. Reports First Quarter 2017 Results

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Re: Snap Inc. Reports First Quarter 2017 Results

#61

Post by rlanday »

awkwardtortoise wrote: post #38
pm90 wrote: post #13

Lets not forget that Facebook lost a lot lot of money before finally discovering a way to monetize its services. This is SNAP's first public earnings report. Disclosure: Not a user or stock holder of SNAP

With a company like SNAP, it's not a matter of monetization. It's a matter of growth. SNAP better get its act together or it's gonna end up like YHOO or TWTR looking for another company to buy it out. FB grew at a faster rate than SNAP from a much bigger base.

Who wants to buy a social media platform that's not growing?

Re: Snap Inc. Reports First Quarter 2017 Results

#62

Post by rjvir »

yellowbeard wrote: post #45
rjvir wrote: post #34

Earlier quoted context omitted.

Over 1000 Googlers were cranking on Google Plus, which at the time was a Facebook copy cat. What makes Facebook so threatening to Snapchat is the aggressive cloning in tandem with it's pre-existing, larger network. By the time Google decided to clone Facebook, the Facebook Graph was already more powerful than the GMail graph (which is what Google Plus was built on).

Do you have a source for the size of the Google plus team?

This article mentions that Google Plus had a staff of greater than 1,000:

> Plus, by comparison, had upwards of 1,000 [people on staff], sucked up from divisions across the company.

http://mashable.com/2015/08/02/google-plus-history/

Re: Snap Inc. Reports First Quarter 2017 Results

#63

Post by monkmartinez »

zeusk wrote: post #55
monkmartinez wrote: post #35

Earlier quoted context omitted.

I saw Scott Hanselman spin up 1000 Azure instances in a demo today; How many bots can each instance support? Instant growth. How much social media activity/growth is not human?

> How much social media activity/growth is not human? As much as I agree with you, that kind of activity especially by first party or those related is called market manipulation. SEC and investors won't take lightly to it.

And who will blow the whistle? One person could deploy a bot army to juice numbers.

On a related note, the market itself is controlled by HFT bots. Don't rock the boat too much and no one is the wiser.

Edit: Would love to some actual debate on this rather than downvotes with no context. I have deployed many bots for fun to twitter and reddit. I could easily do the same on Instagram, Snap or Facebook. I could even make them look "Kinda real" with markov chain driven text input. Super, duper easy.

Re: Snap Inc. Reports First Quarter 2017 Results

#64

Post by valuearb »

zkirill wrote: post #21
valuearb wrote: post #12

Earlier quoted context omitted.

The procedures to produce an SEC report take time and aren't automatic. Management discussion, etc. As a former professional investor quarterly is fine. i want mgmt focused on running the business, not reporting to investors. Anyone who wants more frequent data so they can trade the stock can hit the road as far as I care.

Interesting! Thank you for your perspective and insight. Do you think that having some data reported automatically in realtime could minimize surprises such as what we see here? Perhaps then the quarterly reports could be more focused on describing the longterm strategy and market landscape?

Annual reports are for strategy. If you buy shares in a business that changes strategy on a monthly basis, you don't need more rapid reporting, you need to get out.

Go read Buffetts annual shareholder letters, they are free on the internet going back 40 years. He repeatedly makes the key point that your investments need to have some enduring competitive advantage, if they do you don't need constant upgrades, if they don't sell. Enduring competitive advantages don't disappear over night, if they degrade they do it slowly over many years.

Re: Snap Inc. Reports First Quarter 2017 Results

#65

Post by nikcub »

imdisappoint wrote: post #41

Tech companies, and startups in particular, are touted as the powerhouses of American innovation and economy. And yet, it seems that the past 5 years of economic activity have been illusory. I expect a similar fate of Uber and Airbnb. Once the dust settles only the staid big co's shall remain.

Top 5 companies by market cap in 2007:

Petro China, Exxon, GE, China Mobile, Industrian and Commercial Bank of China

Top 5 companies by market cap in 2017:

Apple, Alphabet, Microsoft, Amazon, Berkshire

That's a hell of an illusion

Re: Snap Inc. Reports First Quarter 2017 Results

#67

Post by monkmartinez »

ac29 wrote: post #56
tlogan wrote: post #16

Earlier quoted context omitted.

I do not think that investors are concern about net loss - at least I'm not. I'm disappointed by anemic growth: Facebook has 18 percent increase year over year. They have ~2B users [1] This q Snapchat had growth of ~5% which will be about ~20% per year. But they are 10x smaller than Facebook. [1] Facebook 5/3/17 earning report

>Facebook has 18 percent increase year over year. They have ~2B users. That's nearly 2/3 of people on the planet with Internet connections, according to estimates by the ITU (approx 3B internet users by the end of 2016) [0]. Even if I believed that user figure, which I dont, there is no way Facebook can grow at the same rate for much longer. [0] http://www.itu.int/en/ITU-D/Statistics/Documents/facts/ICTFa...

You and I both. Facebook numbers have been a scam for a long time. I look at most social media as I look at multilevel marketing... it's all sunshine and rainbows until it simply collapses. There are no 100 year businesses in social.

Re: Snap Inc. Reports First Quarter 2017 Results

#68

Post by Fricken »

aub3bhat wrote: post #25

But! SNAP is doing AR, Spectacles are a stroke of marketing genius, distributed to cool influencers, instead of boring geeks like Google Glass or HoloLens. \s Guess you can't fool all people all the time.

On the earnings call they reported 5 million snaps taken using Spectacles, and $8 million in revenue from Spectacles this quarter. Maybe 55-60,000 units sold (?). That was the only thing I was curious about on the call.

Re: Snap Inc. Reports First Quarter 2017 Results

#69

Post by monkmartinez »

zkirill wrote: post #9

Is there any public company that releases earnings in realtime rather than quarterly and/or annually? Has this ever been tried? Is there any rational behind earnings being reported quarterly/annually besides it being aligned with existing regulatory and accounting procedures?

How would you goose the numbers in real time without an army of people curating what was reporting? Accounting is a bit of shell game at these levels, is it not? That is, we move one loss to this column, a gain to that column and suddenly we don't look __as bad__ as we were going to just a few minutes prior. Doing that in real time is super problematic.

Re: Snap Inc. Reports First Quarter 2017 Results

#70

Post by myroon5 »

nikcub wrote: post #65
imdisappoint wrote: post #41

Tech companies, and startups in particular, are touted as the powerhouses of American innovation and economy. And yet, it seems that the past 5 years of economic activity have been illusory. I expect a similar fate of Uber and Airbnb. Once the dust settles only the staid big co's shall remain.

Top 5 companies by market cap in 2007: Petro China, Exxon, GE, China Mobile, Industrian and Commercial Bank of China Top 5 companies by market cap in 2017: Apple, Alphabet, Microsoft, Amazon, Berkshire That's a hell of an illusion

Adding even further to your point, Facebook is actually #5 over Berkshire.
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