71–80 of 204 posts
Interesting factoid: Snap's current market cap ($18.1B) is lower than the price Facebook paid for WhatsApp ($19B). Snap is now "only" worth $4B more than Twitter. Does FB wait for the price to fall and take them out for $10B? Or grind them to dust to make an example of any startup foolhardy enough to forgo an acquisition offer?
WhatsApp had large marketshare and growth outside of FBs core markets.
Snap went from an incredible growth rate to a terrible growth rate because of a few simple (and sadly, quite common) strategic mistakes: 1. Underestimating the competition. Evan Spiegel clearly believed that Zuckerberg would never figure out how to beat him. He seems to have concluded that he was smarter, more creative, and more agile than Zuck. He profoundly miscalculated Zuck's relentlessness and is now losing badl…
I think the simpler explanation is: a social media monopoly replicated a smaller competitor's best features and let their dominance do the rest. Let's not pretend it's possible to compete with Facebook on a level playing field.
It's more than just recreating the best feature.
Earlier quoted context omitted.
I think the simpler explanation is: a social media monopoly replicated a smaller competitor's best features and let their dominance do the rest. Let's not pretend it's possible to compete with Facebook on a level playing field.
Facebook recreated snapchat mere months after it launched with an app called Poke. It was literally the exact same app, but people didn't use it. It's more than just recreating the best feature.
Earlier quoted context omitted.
I think the simpler explanation is: a social media monopoly replicated a smaller competitor's best features and let their dominance do the rest. Let's not pretend it's possible to compete with Facebook on a level playing field.
Facebook recreated snapchat mere months after it launched with an app called Poke. It was literally the exact same app, but people didn't use it. It's more than just recreating the best feature.
In a very short amount of time Facebook where able to clone one of Snapchat's signature features AND gain large numbers of new users in the process (as of March 2017 they reported Instagram stories having 200 million users per day, overtaking Snapchat in the process).
Snap went from an incredible growth rate to a terrible growth rate because of a few simple (and sadly, quite common) strategic mistakes: 1. Underestimating the competition. Evan Spiegel clearly believed that Zuckerberg would never figure out how to beat him. He seems to have concluded that he was smarter, more creative, and more agile than Zuck. He profoundly miscalculated Zuck's relentlessness and is now losing badl…
Earlier quoted context omitted.
I think the simpler explanation is: a social media monopoly replicated a smaller competitor's best features and let their dominance do the rest. Let's not pretend it's possible to compete with Facebook on a level playing field.
Facebook recreated snapchat mere months after it launched with an app called Poke. It was literally the exact same app, but people didn't use it. It's more than just recreating the best feature.
“Excess inventory and related charges – In Q3 2017, we recorded $39.9 million of charges related to Spectacles inventory, primarily related to excess inventory reserves and inventory purchase commitment cancellation charges.“ Looks like spectacles was a failure.
What I find most interesting about this is directly from the first line of the company description in their S1:
"Snap is a camera company"[0]
Yet the one instance where they actually own and sell a camera (i.e. Spectacles) instead of leverage someone else's (i.e. smartphone) it's a massive failure.
[0] - https://www.sec.gov/Archives/edgar/data/1564408/000119312517...
Snap went from an incredible growth rate to a terrible growth rate because of a few simple (and sadly, quite common) strategic mistakes: 1. Underestimating the competition. Evan Spiegel clearly believed that Zuckerberg would never figure out how to beat him. He seems to have concluded that he was smarter, more creative, and more agile than Zuck. He profoundly miscalculated Zuck's relentlessness and is now losing badl…
I am fascinated by Facebook. It is one of the most valuable companies in the world but if you took it away from me (and I would argue most people) tomorrow morning it would have almost no impact on our day to day lives. I actively use it and my girlfriend is obsessed with Instagram but if she didnt have it she would just go back to reading blogs on Tumblr or wherever. I would hate to live in a world without Google or…
“Excess inventory and related charges – In Q3 2017, we recorded $39.9 million of charges related to Spectacles inventory, primarily related to excess inventory reserves and inventory purchase commitment cancellation charges.“ Looks like spectacles was a failure.