Snapchat Seeks to Raise as Much as $4B in IPO
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Snapchat Seeks to Raise as Much as $4B in IPO
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Re: Snapchat Seeks to Raise as Much as $4B in IPO
#2When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense".
When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded.
Can someone please explain why they would need this much cash?
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#3I have yet to speak with anyone who thinks Snapchat's valuation is realistic and that their business model will sustain them. When I see this I just think of Twitter all over again.
I would love to hear arguments supporting Snapchat though.
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#4When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense". When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded. Can someone please explain why they would need this much cash?
hey now those new filters won't make themselves
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#5I have yet to speak with anyone who thinks Snapchat's valuation is realistic and that their business model will sustain them. When I see this I just think of Twitter all over again. I would love to hear arguments supporting Snapchat though.
I think that part of the reason twitter is doing the way it's doing is the less than stellar user engagement. AFAIK snapchat is killing it on that front. Idk if that justifies the valuation but I do see the general public a lot more pumped about it than I've ever seen people pumped about Twitter (ymmv).
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#6When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense". When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded. Can someone please explain why they would need this much cash?
They have captured an important segment of the market (12-2x years olds). I also think that people In this age group find it a ton more engaging than the alternatives.
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#7I have yet to speak with anyone who thinks Snapchat's valuation is realistic and that their business model will sustain them. When I see this I just think of Twitter all over again. I would love to hear arguments supporting Snapchat though.
I think that part of the reason twitter is doing the way it's doing is the less than stellar user engagement. AFAIK snapchat is killing it on that front. Idk if that justifies the valuation but I do see the general public a lot more pumped about it than I've ever seen people pumped about Twitter (ymmv).
User engagement doesn't pay the bills.
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#8When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense". When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded. Can someone please explain why they would need this much cash?
Uber does not need the amount of money it raises because of vehicle automation. That's a relatively tiny portion of their spend.
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#9Earlier quoted context omitted.
I think that part of the reason twitter is doing the way it's doing is the less than stellar user engagement. AFAIK snapchat is killing it on that front. Idk if that justifies the valuation but I do see the general public a lot more pumped about it than I've ever seen people pumped about Twitter (ymmv).
User engagement doesn't pay the bills.
With enough ads, it does.
(And you can also try and leverage it to get VCs to pay your bills.)
Re: Snapchat Seeks to Raise as Much as $4B in IPO
#10When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense". When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded. Can someone please explain why they would need this much cash?
Snap is working on Spectacles and other "real life" projects.