Snapchat CEO’s leaked memo on survival

Post by sleepybrett » Sun, Oct 07, 2018, 9:27 PM UTC

askafriend wrote: post #33

iamleppert wrote: post #16

They had a working thing and then ruined it. I’m not sure how they managed to do that with a product change. Didn’t they have a way to release changes and measure impact before just forcing it on their entire user base? Once a company gets to this level, they need to recognize the role that luck played into their original product and design. They hit a resonance with people, and it was probably more luck and timing t…

I think you hit the nail on the head here. There were reports that came out from several sources that Evan ignored all feedback from product and design including hard numbers from early tests. There were apparently several groups internally that tried to stop the massive changes from dropping without adequate testing and iteration. Those groups were overridden by Evan in favor of "vision" and that apparent lack of di…

Post by ObsoleteNerd » Sun, Oct 07, 2018, 9:31 PM UTC

willio58 wrote: post #61

As a college student who’s only social media comes through Snapchat, I’m glad that they will be making changes. The redesign doesn’t make much sense and just made things more confusing if anything. I have 12+ friends in a group which we use to coordinate hanging out and to generally chat about things we find interesting. I haven’t used the stories functionality in over a year. I really think the move to focusing on c…

Post by Latteland » Sun, Oct 07, 2018, 9:43 PM UTC

baby wrote: post #100

sireat wrote: post #95

Earlier quoted context omitted.

The sad thing is that it applies to many other companies these days, most notably Facebook, Google et al. Why do people buy common shares which give them no voting rights as a shareholder? Sure while company is minting money (or debt and marketshare) you can find a greater fool to offload your shares. However when things turn the Zynga way, what recourse do you have with these no vote shares? At least Bond holders an…

You have rights if you own enough right? Also why are there two kind of shares?

Post by Animats » Sun, Oct 07, 2018, 9:46 PM UTC

sireat wrote: post #95

asmithmd1 wrote: post #90

Earlier quoted context omitted.

> then the board should absolutely give him the boot in the next 24 months. Very funny, Snapchat has two classes of stock and he owns enough of the kind that matters that no one can oust him. I looked through the S-1 when they were going public and decided owning the shares they were selling to the public was the equivalent of a "board observer" seat. You are free to watch him run his company, but it is still his com…

The sad thing is that it applies to many other companies these days, most notably Facebook, Google et al. Why do people buy common shares which give them no voting rights as a shareholder? Sure while company is minting money (or debt and marketshare) you can find a greater fool to offload your shares. However when things turn the Zynga way, what recourse do you have with these no vote shares? At least Bond holders an…

Post by late2part » Sun, Oct 07, 2018, 9:54 PM UTC

sleepybrett wrote: post #102

askafriend wrote: post #33

Earlier quoted context omitted.

I think you hit the nail on the head here. There were reports that came out from several sources that Evan ignored all feedback from product and design including hard numbers from early tests. There were apparently several groups internally that tried to stop the massive changes from dropping without adequate testing and iteration. Those groups were overridden by Evan in favor of "vision" and that apparent lack of di…

A real leader would resign.