151–160 of 204 posts
Daily active users 178M (est: 180.5M)
Their active users growth is very slow.
166 (Q1) -> 173 (Q2) -> 178 (Q3)
It seems that already slow growth is slowing down even more. They started the year with 5% quarterly growth, then went down to 4% and now barely 3%.
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…
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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.
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I personally couldn’t disagree more. If you cut me off tomorrow of Facebook and Messeneger I would instantly loose contact to the majority of people I care about (except my wife and parents). I would end up spending life on my couch watching Netflix instead of engaging in a rich social life I have now thanks to FB events, groups, Messeneger, etc. And I guarantee you that’s true for a large amount of the user base! Ot…
That sounds really sad, to be honest. Where are you living that you can't have face to face interactions on a regular basis.
Far from many of my friends and family? Many of them live in other states or countries, and Facebook is cheaper and usefully async when dealing with international calling rates and timezone differences, respectively. I'm not sure I understand your question.
Has a fairly bleak write up. It makes the point that if enriching the founders is the aim they are doing pretty well.
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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.
Its a liquid stock with volume of $10m+/day. It seems like its worth what other people are willing to pay for it.
> Hosting costs per DAU were $0.68 in Q3 2017 as compared to $0.64 in Q3 2016 and $0.61 in Q2 2017. Those are staggering figures to me and the trend is equally surprising. Maybe it's ignorance about hosting costs at such a scale, but i feel like cost/DAU should be declining over time, right? Is there something i'm missing here?
They use Google App Engine. Not known for being cheap at scale. https://www.recode.net/2017/3/1/14661126/snap-snapchat-ipo-s...
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?
Why would FB want them? They have successfully replicated Snap's model and are taking their users/recapturing shared users. WhatsApp had large marketshare and growth outside of FBs core markets.
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I'm not. I wish you would have actually taken the 2 minutes to explain your comment.
You think that would signal a healthy company?
> Hosting costs per DAU were $0.68 in Q3 2017 as compared to $0.64 in Q3 2016 and $0.61 in Q2 2017. Those are staggering figures to me and the trend is equally surprising. Maybe it's ignorance about hosting costs at such a scale, but i feel like cost/DAU should be declining over time, right? Is there something i'm missing here?
Snap is paying Google $400m a year for hosting costs... https://techcrunch.com/2017/02/02/snap-commits-2-billion-ove... Seems like at that point it might be cheaper to run your own datacenters?