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Snap CFO Tim Stone Is Resigning

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31–40 of 68 posts

Re: Snap CFO Tim Stone Is Resigning

#31
post #2

Snap is the living dead now. No users left after boneheaded redesign, all their ads running are promoting their competitors, employees I know are basically pulling the copper wire out of the walls. Abandon ship! Also, will somebody please make a simple private picture app for grown-ups? I'd love to be able to share stuff with my sig other/parents/grandparents - and that's it. I can't recommend SnapChat in the state i…

I've used Cluster and it worked pretty well.

Re: Snap CFO Tim Stone Is Resigning

#32
They’re a public company whose income over the last several quarters is consistently near or less than the negative inverse of their revenue. You don’t need an MBA to know that even by bubble standards that ain’t good.

They would literally have a more profitable business selling dollar bills for a quarter.

Re: Snap CFO Tim Stone Is Resigning

#33

1 year cliff, non-news Still bad news for Snap confidence, of course edit: didn't make it 1 year, whoops hope they got the golden parachute negotiated in

Useless comment.

Lasted 8 months at Snap, 20 years at Amazon. Something is clearly wrong with Snap, and it's their CEO.

Re: Snap CFO Tim Stone Is Resigning

#34
post #14
post #8

Earlier quoted context omitted.

It sure sounds like it's dead. > Snap is currently finalizing its Q4 2018 results and says it expects to report revenue and adjusted EBITDA results “that are slightly favorable to the top end of our previously reported quarterly guidance ranges for each.”

The guidance was a loss between $100 and $75 million for the quarter, so even if they slightly beat that, it’s not doing much to stop the bleeding.

Jesus. A picture sharing app bleeding 100 million a quarter sure sounds like a industry-wide valuation issue.

Glad I bailed on some SNAP interviews a few months back.

Re: Snap CFO Tim Stone Is Resigning

#35
post #2

Snap is the living dead now. No users left after boneheaded redesign, all their ads running are promoting their competitors, employees I know are basically pulling the copper wire out of the walls. Abandon ship! Also, will somebody please make a simple private picture app for grown-ups? I'd love to be able to share stuff with my sig other/parents/grandparents - and that's it. I can't recommend SnapChat in the state i…

Funny, in my group of friends (for context 21-24 year olds, NZ) snapchat is used far more than Instagram.

The primary appeal of snapchat is we can very easily send disposable ugly unfiltered often funny vids/images to groups of people. Where as Instagram is more of a social media and is just used for casual content consumption onl

Re: Snap CFO Tim Stone Is Resigning

#36
post #6
post #2

Snap is the living dead now. No users left after boneheaded redesign, all their ads running are promoting their competitors, employees I know are basically pulling the copper wire out of the walls. Abandon ship! Also, will somebody please make a simple private picture app for grown-ups? I'd love to be able to share stuff with my sig other/parents/grandparents - and that's it. I can't recommend SnapChat in the state i…

I have about 10 family members on an Apple Photos shared album, whatever the latest name is. iCloud, probably. Not cross-platform though, obviously.

[deleted]

Re: Snap CFO Tim Stone Is Resigning

#37
post #35
post #2

Snap is the living dead now. No users left after boneheaded redesign, all their ads running are promoting their competitors, employees I know are basically pulling the copper wire out of the walls. Abandon ship! Also, will somebody please make a simple private picture app for grown-ups? I'd love to be able to share stuff with my sig other/parents/grandparents - and that's it. I can't recommend SnapChat in the state i…

Funny, in my group of friends (for context 21-24 year olds, NZ) snapchat is used far more than Instagram. The primary appeal of snapchat is we can very easily send disposable ugly unfiltered often funny vids/images to groups of people. Where as Instagram is more of a social media and is just used for casual content consumption onl

My 20 something friend group has been consistent with snapchat since ~2013

Re: Snap CFO Tim Stone Is Resigning

#38
While Snap's poor product decisions and failing business are constantly called out in the media, what I don't see covered as much about the company is that their executives managed to massively enrich themselves by paying themselves huge bonuses right before the IPO and subsequent stock collapse.

Their "Chief Strategy Officer" Imran Khan: $100M+

https://www.businessinsider.com/snap-ceo-evan-spiegel-cfo-im...

CEO Evan Spiegel": $637M+ (3rd highest CEO payout ever) https://techcrunch.com/2018/02/22/snap-ceo-evan-spiegel-got-...

I'm surprised there hasn't been an investor lawsuit/class action yet. The whole thing seems like a massive pump and dump scam.

Re: Snap CFO Tim Stone Is Resigning

#39

While Snap's poor product decisions and failing business are constantly called out in the media, what I don't see covered as much about the company is that their executives managed to massively enrich themselves by paying themselves huge bonuses right before the IPO and subsequent stock collapse. Their "Chief Strategy Officer" Imran Khan: $100M+ https://www.businessinsider.com/snap-ceo-evan-spiegel-cfo-im... CEO Evan…

My understanding is that Evan's bonus was agreed upon years in advance when Snapchat turned down FB's various offers. The investors, represented by the board, wanted him to go for a large, somewhat risky, IPO instead of taking a sure thing and incentivized Evan to do so.

Re: Snap CFO Tim Stone Is Resigning

#40
post #2

Snap is the living dead now. No users left after boneheaded redesign, all their ads running are promoting their competitors, employees I know are basically pulling the copper wire out of the walls. Abandon ship! Also, will somebody please make a simple private picture app for grown-ups? I'd love to be able to share stuff with my sig other/parents/grandparents - and that's it. I can't recommend SnapChat in the state i…

Check out https://textile.photos (full disclosure, I'm on the team)!
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