111–120 of 294 posts
This reads like they gave out $2 BILLION in RSU's that vested if the company went public. That is a pretty sweet payday.
EDIT: It is a sweet payday unless you can't sell the stock to pay the taxes owed right away. Then if SNAP tanks you have a HUGE tax bill and no way to pay it.
It still seems overvalued. What would you rather own? Snapchat -- which, after dropping 23% today has a market cap of 21.5B. Or ALL of... Yelp - 2.21B GoPro - 1.21B FitBit - 1.38B Groupon - 2.01B Twitter - 13.59B Sonic - 1.27B ...for a total of 21.67B
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>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...
I don't know anything about this overall, but I have some interesting anecdotes that show the power of Facebook around the world. I've done some pretty substantial traveling throughout Asia, and just about everyone with a smartphone that I've met also has a Facebook account (excluding China). In Myanmar (aka Burma) the strict military government restricted internet usage until they turned over control of the governme…
This is the most frightening thing I've read in a while.
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Yes. They have your attention and they can do things to slowly nudge you to start engaging in deeper ways. For example your daughter grows up and is used to the "Snap-like" interaction already and will engage far more on Snapchat or similar products. Or maybe she one day finds the "Discover" section of the app and starts watching content on there. The fact that they have you and your daughter engaging with the produc…
Nope. This sounds very SV-ish and I don't mean that in a disrespectful way. I am not a Snap user period. To count my daughter as a user is just plain sad from an investment point of view. She is not going to have a job for 9 years minimum. That means I control the purse strings. Sanp is like those games that have a gajillion users and then simply die as no one plays them anymore.
(And the fact that there was a monetary transaction for the paper is not unlike going through the pains of downloading and installing an app on your phone.)
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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
It's a good point. But I'm alluding more to budding companies, not established companies. Granted Facebook didn't IPO until 2012. But, as far as I can tell the software industry has contracted into those big 5 tech firms. The siren call of working at a startup and making it is sounding strident. Knowing what you know now, what startup, if any, would you have joined 5 years ago? Would you join any startup now?
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Is that a significant amount?
Beats me. Maybe they have a warehouse full of them they can't get rid of. Maybe they can barely keep up with demand, I don't know. They're very cheap, it's a minimum viable product, but I'm expecting some next gen product from Snap somewhere down the line that may include some sort of HUD if not full on AR, based on their patents.
Definitely not that one. The Spectacles store on the Venice Beach boardwalk is always a desolate wasteland.
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Yes. They have your attention and they can do things to slowly nudge you to start engaging in deeper ways. For example your daughter grows up and is used to the "Snap-like" interaction already and will engage far more on Snapchat or similar products. Or maybe she one day finds the "Discover" section of the app and starts watching content on there. The fact that they have you and your daughter engaging with the produc…
Nope. This sounds very SV-ish and I don't mean that in a disrespectful way. I am not a Snap user period. To count my daughter as a user is just plain sad from an investment point of view. She is not going to have a job for 9 years minimum. That means I control the purse strings. Sanp is like those games that have a gajillion users and then simply die as no one plays them anymore.
That means roughly this:
* It's a funnel (one that is heavily tracked)
* They know how often and how deep users' engagement patterns are and how they shift over time, over different feature launches, and over the age of their users among other parameters.
* They know what it takes to get a lightly engaging user to become one that is more deeply engaging and they know the rate at which this conversion happens.
* They have cohorts of users and they know what types of users move which way through the funnel and how fast.
* Using all this data, they have at their disposal different levers to pull (growth, marketing, product) to move the numbers in the right direction.
Again, all of this doesn't mean that Snapchat will be successful in converting you or your daughter into a heavy Snapchat user today or even tomorrow. But you're painting too simple of a picture using a single high level metric and logical simplification of a process that's very complicated.
The biggest point I want to make here is that NO TWO USERS ARE THE SAME. So to use a high level metric that conflates different types of users by definition and then making an implication about the health of a company using this specific metric's weakness is just silly. There is data that you don't have access to and you're not recognizing that.
This is one of the ugliest financial statements I've ever seen. The multi-billion dollar loss is due mostly to stock compensation, but still their COGS or cost of revenues sold was greater than their revenues. That's probably the first time that's been seen for a sizable software company in the history of the industry. They said their revenue per DAU is $.90 and their server costs per DAU were $.60...so that means se…
I wonder if they're hobbling their user growth by not having some alternative lite app. I've come to associate their app with poor performance and battery drain while Facebook apps are relatively fine, perhaps with the exception of Messenger which they're slowly releasing Messenger Lite as an alternative.