Snap Inc. Third Quarter 2017 Results • Hacker News Board

Re: Snap Inc. Third Quarter 2017 Results

#201

Post by rrhd » Thu, Nov 09, 2017, 8:53 PM UTC

skuhn wrote: post #161

mrep wrote: post #92

Earlier quoted context omitted.

The 2 founders own majority share of voting rights so facebook could not unless they agreed to it

Snap went beyond just retaining a majority of voting control with the founders. Due to the share structure, the two Snap founders control 88.5% of the voting rights. Their shares are worth 10x, and publicly traded shares are worth 0x. Anyone with holdings in Snap who aren't named Evan Spiegel or Bobby Murphy have only one option: sell the stock and recoup whatever they can. That's what people are doing. Snap's share…

That alone is almost enough to make me want to see them crash and burn.

Re: Snap Inc. Third Quarter 2017 Results

#202

Post by rrhd » Thu, Nov 09, 2017, 8:56 PM UTC

JonFish85 wrote: post #12

Eridrus wrote: post #10

Am I reading this right: have they lost 3bn in the last 9 months?

The footnote kind of explains this: "Net loss for the nine months ended September 30, 2017 includes $2.5 billion of stock-based compensation expense, primarily due to the recognition of expense related to RSUs with a performance condition satisfied on the effectiveness of the registration statement for our initial public offering." I believe the vast majority of that was due to issuing stock to Evan Spiegel for succe…

Totally deserves billions for running a money losing operation thats getting eaten alive by the competition.

Re: Snap Inc. Third Quarter 2017 Results

#203

Post by cstejerean » Fri, Nov 10, 2017, 2:20 AM UTC

snaily wrote: post #165

cstejerean wrote: post #137

Earlier quoted context omitted.

I think that’s $0.60 per quarter not per day. 380MB for the quarter per daily active user doesn’t seem that unreasonable.

$0.60 for 380MB seems unreasonable, though. I think the GP was calculating based on the quarterly period.

Oh, you are right. I was thinking $0.006 not $0.60 when I did that math in my head.

Re: Snap Inc. Third Quarter 2017 Results

#204

Post by speedplane » Thu, Nov 16, 2017, 9:00 AM UTC

scurvy wrote: post #193

speedplane wrote: post #183

Earlier quoted context omitted.

I use Google Cloud. Love it's simplicity and design. It's definitely cheaper on the lower to even medium end. But once you're spending six figures per month, it's probably only ~10% cheaper than buying the equipment and hiring three people to manage it. Not sure why anyone would be on Google Cloud (or any cloud really) and spend 7 figures a month, unless you got a sweet deal from them.

This is the first I've heard that Google Cloud is cheaper than doing it yourself. All of the conversations I've had (and some pricing I've seen) say otherwise. Do they actually give 85% discounts, because that's what it would take to make Google Cloud equal to the cost of running my business.

It's not for everyone, but I don't think you're including the cost of employing someone to manage the hardware. If you're a scrappy startup that is willing to do whatever it takes to keep costs down, or a giant company that already has an in-house hardware team, then it's more expensive.