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Snap Revenue Surges 72% on User Growth, Advertising Gains

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Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#71
post #2

A loss of $3.45 Billion for the year - that is absolutely mind blowing. That is a net loss of USD $393,000 per hour for every hour of 2017.

Those losses are very common during the IPO year. Snap acquired a couple of startups using that money.

Snap is the only innovative social media website right now. Let's see how they do in future

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#72
post #69

Snapchat is the only social media that actually celebrates the impermanence and general boringness of everyday life. Instagram and Facebook may have stories but the site is heavily predicated on pride/narcissism arms race with your "friends". Even your biggest narcissist can only "win" for 24 hours on Snapchat and from what I can see they'll generally tap out of keeping up any facades to try and make others jealous a…

I think that "niche" is what you share with most people under 19 or so as of today.

People are quick to write off Snapchat's popularity with young users as it being the hot new toy they will tire with, but I think it's a lot deeper than that. They see the mistakes of millennials and older with social media and want nothing to do with it (and are thus nowhere to be found on Facebook, yet still on Instagram because it hasn't suffered the same problems yet). Snapchat avoids a lot of those pitfalls, though of course not without other problems. I think so long as that impermanence is the focus, and they allow for easy/simple communication between close friends (I'm worried about the non-chronological part for this exact reason), they will be a big part of the future of social media.

Facebook and the apps it owns have all tried towards that, but if the core is permanence (the classic profile, posts, walls, likes, comments), they will always be fighting a rising tide. Adding stories on top of that doesn't change the core use of the app.

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#74
post #61

As a member of 18~23yo age group ("young person"), I would say snaps the only social media I enjoy using besides HN/reddit. Most young people I know use Facebook for groups (local like a school or city), events , and chat. IMO Facebook is shooting all of these feet off with the algorithmic newsfeed and spinning off messenger. Snap however is used constantly to keep up with peers. Haven't met a single person that uses…

Age 27 here. I see more people moving away from snap and using instagram stories.

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#75

Great to see the conversation going on here. I work at Snap on our revenue and product features and am hiring for my team. If you are passionate about being a part of building the future of Augmented Reality, Creative Tools or in general building systems at scale, drop me a message. I'm looking for engineers with strong backgrounds in building scalable distributed systems, our apis and services receive billions of re…

Can't believe that Snapchat didn't give you an email address.

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#76

Great to see the conversation going on here. I work at Snap on our revenue and product features and am hiring for my team. If you are passionate about being a part of building the future of Augmented Reality, Creative Tools or in general building systems at scale, drop me a message. I'm looking for engineers with strong backgrounds in building scalable distributed systems, our apis and services receive billions of re…

if you are job posting it would instill greater trust if you use company email id rather than generic gmail.

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#77

I absolutely hate Facebook, but I think Snap is really getting 'social media' right. There's no political nonsense or advertising being shoved down my throat, just endless cat videos and memes from my friends the way it should be. When my friends post something, it's guaranteed I will see it. There are options for group chat and 'forum' style communication, but the core experience is intimate and private. They're doi…

I have never used facebook or snapchat but this is what drove me off of linkedin too, it used to be 100% updates from people I knew, and somehow morphed into 99% "news feed" crap that I never want to see, ever. I don't care what your analytics say about user engagement, they are wrong. Just stop the "relevancy game" and the stupid news feeds everywhere.

So true, it’s impossible to see what I truly want to see on FB and LinkedIn - updates from people that I care about in reverse chronological order!

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#78
post #72
post #69

Snapchat is the only social media that actually celebrates the impermanence and general boringness of everyday life. Instagram and Facebook may have stories but the site is heavily predicated on pride/narcissism arms race with your "friends". Even your biggest narcissist can only "win" for 24 hours on Snapchat and from what I can see they'll generally tap out of keeping up any facades to try and make others jealous a…

I think that "niche" is what you share with most people under 19 or so as of today. People are quick to write off Snapchat's popularity with young users as it being the hot new toy they will tire with, but I think it's a lot deeper than that. They see the mistakes of millennials and older with social media and want nothing to do with it (and are thus nowhere to be found on Facebook, yet still on Instagram because it…

>> They see the mistakes of millennials and older with social media and want nothing to do with it (and are thus nowhere to be found on Facebook, yet still on Instagram because it hasn't suffered the same problems yet)

I’d be interested to see data to support this assertion.

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#79
post #72
post #69

Snapchat is the only social media that actually celebrates the impermanence and general boringness of everyday life. Instagram and Facebook may have stories but the site is heavily predicated on pride/narcissism arms race with your "friends". Even your biggest narcissist can only "win" for 24 hours on Snapchat and from what I can see they'll generally tap out of keeping up any facades to try and make others jealous a…

I think that "niche" is what you share with most people under 19 or so as of today. People are quick to write off Snapchat's popularity with young users as it being the hot new toy they will tire with, but I think it's a lot deeper than that. They see the mistakes of millennials and older with social media and want nothing to do with it (and are thus nowhere to be found on Facebook, yet still on Instagram because it…

It's not a niche. 40% of snapchat users are 25 and older and another 37% are 18-24 which makes 77% over 18: https://www.statista.com/statistics/326452/snapchat-age-grou...

Re: Snap Revenue Surges 72% on User Growth, Advertising Gains

#80
post #51
post #30

Earlier quoted context omitted.

This fundamental property of "show me only things from people I explicitly added, and show me everything they post (ideally in reverse chronological order)" is what many (myself included) seem to want from social media. Sadly, it seems to be directly at odds with what companies want, because social networks often start off with having that property and lose it as they need to make the investors happy. - Facebook -> h…

Yeah, Twitter switched to an algorithmic feed in 2016 [1]. There is an option to turn off "Show the best Tweets first," but I don't know if that will actually cause the entire feed to be chronological. An annoying thing about Twitter that I experienced recently is I started getting notifications for "top Tweets." I had to tell Twitter multiple times that I didn't want them before they stopped (there was no option to…

Yeah twitter still messes up the order even with all the settings right. Have to resort to using tweetbot just to catch stuff. It’s insane.
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