All I know about Facebook as a direct marketer - we went from spending $3000 a month in June to $400,000 this month alone for one client because the CPA is there (not LTV, just first purchase).
Snapchat CEO predicts Facebook will implode like Yahoo
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Re: Snapchat CEO predicts Facebook will implode like Yahoo
#42It always amazes me the way in which people make up an entire complicated chain of events in their mind to fit their world view. He boils Facebook down to a one note company that could never respond to changes in the market. Fed stops QE => Tech stocks cool => Less money pours into VC technology => Companies stop buying app install ads => Huge hit in Facebook revenues => Facebook implodes Ridiculous.
Everyone has an opinion on Macro-Economics, regardless of their level of knowledge about economics as a whole, it's just that for 99.8% of people their opinions doesn't get much further then the comments box on their favorite website.
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#43The top comment on BI said exactly what I was thinking. People are acting like this guy is the Oracle of Omaha when he's flying by the seat of his pants with a auto-deleting photo app. Seriously people ? "Yes, and in his email he seems to believe that his dick pics app is "revolutionizing personal communication". Ok guy."
> "Yes, and in his email he seems to believe that his dick pics app is "revolutionizing personal communication". Ok guy."
I don't know whether I believe it, but the argument for Snapchat is that it encourages user engagement. So if you're a photographer who wants attention, it's better to have someone's dedicated attention for a few seconds on Snapchat than it is for them to glance it while scrolling through their feed on Facebook.
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#44You guys are acting as if Evan publicly said those things. Keep in mind that the source of this is a private email exchange. He's not talking bullshit just for the hype of it.
This is something that the guy and his team had obviously put a lot of thought on, and the position they had right now is something that we couldn't even imagine. Yeah, many people can say that they understand how SV works but they don't have Snapchat in their hands. Snapchat is arguably the hottest startup right now and even as some people may disregard it as a "dick picks app", the reality is far from that. Put some rationale into it, this is not another Zynga, Rovio, whatever, this is not a fad; people do not just stop messaging each other and move to "something else", well, they actually do and they may move to Snapchat.
Also they didn't sell out; would you let down $750M in cash if you didn't have a plausible plan to make even more? Come on guys, don't be naive...
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#45[deleted]
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#46The irony here is: Snapchat just took investment _from_ Yahoo[1]. A case of biting the hand that feeds it? [1] http://www.bbc.com/news/technology-29502069
Why so? The current state of Yahoo is common knowledge.
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#47The top comment on BI said exactly what I was thinking. People are acting like this guy is the Oracle of Omaha when he's flying by the seat of his pants with a auto-deleting photo app. Seriously people ? "Yes, and in his email he seems to believe that his dick pics app is "revolutionizing personal communication". Ok guy."
It doesn't take a genius to realize that Facebook walks a thin line on a daily basis. Many of us may use the platform, but are probably providing less useful data as our trust for it diminishes.
That doesn't mean it's going to implode. Zuckerburg is a ruthless and savvy businessman, with many more years of experience compared to Spiegel. There are a lot of people who are not as savvy as us and Facebook will continue to derive profits from those people.
Snapchat has a very high user engagement but only across a very specific demographic. Even my 80 year old mother uses Facebook, I strongly doubt she would would ever have any interest in Snapchat.
Spiegel would do well to take a few pages out of the elephant's book and put them to use: he's assuming that his own demographic is the only one that exists. The kid has hit a profit mine and now thinks he can predict the future - user engagement is not everything, user retainment counts for something too.
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#48The top comment on BI said exactly what I was thinking. People are acting like this guy is the Oracle of Omaha when he's flying by the seat of his pants with a auto-deleting photo app. Seriously people ? "Yes, and in his email he seems to believe that his dick pics app is "revolutionizing personal communication". Ok guy."
Snapchat CEO has been douchebag from day one. Nothing new here.
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#49The larger issue is the vulnerability of user data. The Sony hack is the state of things to come. As more and more personal data is compromised, faith in services like Facebook and the Internet in general will crater. This doesn't even take into account government use and misuse of such information.
The Internet is growing darker each day and data retention will be a significant liability for years to come.
Re: Snapchat CEO predicts Facebook will implode like Yahoo
#50[deleted]