Snap Inc. Third Quarter 2017 Results

Post by blackflame7000 » Wed, Nov 08, 2017, 1:45 AM UTC

immad wrote: post #89

Devolver wrote: post #46

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…

You make it sound like Snap is a failure. It is worth $16b even after the affect of this earnings report. Facebook might have slowed their growth but they did make a huge company before they were slowed down.

Post by dingo_bat » Wed, Nov 08, 2017, 2:10 AM UTC

lefstathiou wrote: post #76

Devolver wrote: post #46

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…

Post by immad » Wed, Nov 08, 2017, 2:17 AM UTC

blackflame7000 wrote: post #91

immad wrote: post #89

Earlier quoted context omitted.

You make it sound like Snap is a failure. It is worth $16b even after the affect of this earnings report. Facebook might have slowed their growth but they did make a huge company before they were slowed down.

But what is Snap really worth? They don't have assets and don't make a product but rather provide a service. A service is only as valuable as the number of people who use it. If Facebook continues to steal users away from Snap at the current rate, it will go they way of myspace before long.

Post by spurcell93 » Wed, Nov 08, 2017, 2:25 AM UTC

Ganz7 wrote: post #66

devscreen wrote: post #29

Earlier quoted context omitted.

I'm usually quite bullish on Snap. They seem to be doing some things right. From the outside, they seem overstaffed so it's good to see them reducing headcount. The fact that they're rebuilding the android app completely sounds like a bad idea that will be a bit of a timesink.

Nope. Snapchat is almost unusable on Android right now. Compared to instagram's stories, which loads up in an instant, Snapchat takes its own sweet time. They made the mistake of not paying enough attention to android in the beginning. And now they are trying to fix their mistake. It is a timesink; but they brought it upon themselves.

Post by dingo_bat » Wed, Nov 08, 2017, 2:35 AM UTC

btian wrote: post #98

dingo_bat wrote: post #94

Snapchat needs to cut 60% of their workforce and then relentlessly focus on the iOS platform. Make a better spectacles and make it work only on iPhone. Let the Android app languish. This is the only way to long term success. This way they maintain exclusivity and also able to polish the app much better. For example the shit transferring experience on spectacles can be easily fixed if they optimise it for iPhone. And…

I hope you're not CEO of a publicly traded company