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Snap Inc. Reports First Quarter 2017 Results

investor.snap.com

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Re: Snap Inc. Reports First Quarter 2017 Results

#271

Post by dang »

imdisappoint wrote: post #224
dang wrote: post #209

Earlier quoted context omitted.

Would you please not create bulk accounts to post with here? Throwaways are fine if there's some specific purpose, e.g. something personally sensitive, but we ban users who do it routinely. Hacker News is a community. You don't have to use your real name, of course, but users should have some consistent identity that other users can relate to. Otherwise we may as well have no usernames and no community, and that woul…

What is a bulk account? I don't see mention of it on the site guidelines or anywhere else. I personally don't want to have an identity on the web. If that's against the rules could you kindly point it out to me? That's definitely something I'd be interested in learning about.

By bulk account I mean making numerous accounts, each of which is used for a few comments and then discarded.

It's not in the guidelines yet but it will make it in there eventually. In the meantime, it's against the rules in the sense that we don't allow it, and ban accounts that do it, for the reason I explained above.

Re: Snap Inc. Reports First Quarter 2017 Results

#272

Post by zild3d »

corobo wrote: post #245
thedarkginger wrote: post #17

Earlier quoted context omitted.

Sluggish user growth probably doesn't look much better when Facebook's overt effort to clone their product seems to be working. Instagram Stories alone already outpaces Snap 200M to 166M. Looks like an uphill battle from here. http://www.thefader.com/2017/04/14/instagram-stories-more-po...

> Facebook's overt effort to clone their product I'd be interested in hearing if anyone else absolutely hates this new stories thing Facebook is pinching from Snapchat. Every damn time I pull down (Messenger on iOS) to reload the conversation list I end up at the damn camera. That's not how literally every other app works. Now Facebook (iOS app) has updated and it feels like whenever I accidentally drag my thumb slig…

Agree completely, facebook "stories" feels cheap and forced. My anecdotal data point, is that most people I know (my age twenty somethings, younger, and even parent's age) enjoy using snapchat, partially due to the regular and fun updates to the computer vision / AR filters. And that very few people communicate with fb stories or use it aside from promotion (they run a business, or are a model, etc)

Re: Snap Inc. Reports First Quarter 2017 Results

#273

Post by zild3d »

EGreg wrote: post #251
jssmith wrote: post #179

Earlier quoted context omitted.

You make "it's not Facebook" a key part of your value proposition. This was the case for Snap early on, and I believe it's a big part of the reason why they got so far. Their users needed a social network separate from their parents, and they had been trained to fear long-term memory upon which Facebook had built their product and their business model. WhatsApp was also successful in warding off FB Messenger's effort…

How about making it AGPL and completely open source?

Do you think even 1% of consumers would know what that means, let alone care?

Re: Snap Inc. Reports First Quarter 2017 Results

#274

Post by skinnymuch »

princeb wrote: post #231
elefanten wrote: post #159

Earlier quoted context omitted.

Also, Yahoo had the search box before Google. So, his analogy is actually perfect: Facebook will wreck him.

snapchat is yahoo v2? snapchat rejects 3bn buyout... yahoo rejects 45bn buyout. how far can it go?

Yahoo!'s market cap is above $45B and Snapchat is far above $3B and will be for years.

Re: Snap Inc. Reports First Quarter 2017 Results

#275

Post by ProAm »

EGreg wrote: post #251
jssmith wrote: post #179

Earlier quoted context omitted.

You make "it's not Facebook" a key part of your value proposition. This was the case for Snap early on, and I believe it's a big part of the reason why they got so far. Their users needed a social network separate from their parents, and they had been trained to fear long-term memory upon which Facebook had built their product and their business model. WhatsApp was also successful in warding off FB Messenger's effort…

How about making it AGPL and completely open source?

Not if you want to make money.

Re: Snap Inc. Reports First Quarter 2017 Results

#277

Post by valuearb »

beachwood23 wrote: post #243
valuearb wrote: post #64

Earlier quoted context omitted.

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…

> 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. I think that with new companies, like Snapchat, Instagram, or even Uber, changing strategies on a monthly basis has become somewhat of a requirement.

If true it makes them terrible investments, because their future income streams can't be estimated with any accuracy, so they cannot be valued.

But in reality it's not totally true. SnapChat and (probably) Instagram have huge installed bases, but haven't yet figured out how to monetize them. They aren't businesses or investments, they have no strategy other than just pure speculation.

But Uber provides a service connecting riders with drivers that costs pennies per ride to deliver and earns dollars per ride in revenues. If you know how much Uber is spending to build out markets, and on unneeded distractions like UberEats and self driving cars, you can estimate the value of their core business. Uber's strategy has never changed, they've just obfuscated it.

Re: Snap Inc. Reports First Quarter 2017 Results

#278

Post by [deleted] »

tuna-piano wrote: post #102
cbhl wrote: post #99

Earlier quoted context omitted.

Facebook saw the "we're saturating the number of people on the Internet" wall years ago. That's why they zero-rate the app, and integrated SMS notifications and had J2ME and SIM apps.

They also have a "free basics" program which partners with networks (I think primarily developing countries) and gives people access to Facebook with no network/bandwidth costs. Seems like a win-win? https://developers.facebook.com/docs/internet-org

[deleted]

Re: Snap Inc. Reports First Quarter 2017 Results

#279

Post by sinatra »

bfrog wrote: post #257

Wow, company makes an app and is valued at 1/5th the value of GE, an international conglomerate making an enormous range of products. Seems wildly over valued to me still. Compare to yelp even at a market cap of ~2b vs this 21b mkt cap behemoth. Yeah, time to short some Snap.

Can you not discount a lot of companies like this? Google makes a web page (after all, that's where most of their revenue comes from), Apple makes just a phone (that's where most of their revenue comes from), etc and they are many times bigger than any conglomerate.

Re: Snap Inc. Reports First Quarter 2017 Results

#280

Post by nnm »

nojvek wrote: post #129
slackoverflower wrote: post #112

Earlier quoted context omitted.

I would most certainly buy $SNAP over every one of these companies. People don't get it. For everyone between the ages of 13 to 26, Snapchat is their only social network, their only messaging app, their go to camera! That is inherently more value that any of those companies combined.

Facebook is big, it's everywhere. That's not cool for teens. Being different is what teens want. This can backfire on snap too if there is something even "cooler". I will definitely buy some SNAP after they employees sell like crazy in desperation. I am optimistic about future value of SNAP and pessimistic about Facebook

when can Snapchat employees start to sell their stocks?
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