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Nobody Trusts Facebook, Twitter Is a Hot Mess, What Is Snapchat Doing?

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Re: Nobody Trusts Facebook, Twitter Is a Hot Mess, What Is Snapchat Doing?

#3
Spiegel miscalculated and its cost him billions. He had multiple opportunities to sell Snapchat to the competitors who are now still growing and copying his features while his own platform has essentially stalled out.

A verge article detailed its decline a few months ago:

https://www.theverge.com/2018/5/18/17366528/snapchat-decline...

And the previous HN discussion on said article: https://news.ycombinator.com/item?id=17431663

Re: Nobody Trusts Facebook, Twitter Is a Hot Mess, What Is Snapchat Doing?

#7

Spiegel miscalculated and its cost him billions. He had multiple opportunities to sell Snapchat to the competitors who are now still growing and copying his features while his own platform has essentially stalled out. A verge article detailed its decline a few months ago: https://www.theverge.com/2018/5/18/17366528/snapchat-decline... And the previous HN discussion on said article: https://news.ycombinator.com/item?i…

Facebook went up against Snapchat directly, pushing Stories as hard as possible in all their apps. There's nothing inherently wrong with the product, it just got out-competed by a bigger player.

Re: Nobody Trusts Facebook, Twitter Is a Hot Mess, What Is Snapchat Doing?

#8

Takes three paragraphs to get to the answer: Instagram stories. Snapschat is busy trying to remain relevant as Instagram one-ups it again and again. Other than teenagers using it to sext, Snapchat is largely useless compared to Insta.

Certainly their core business model of teens sexting is still strong?

Re: Nobody Trusts Facebook, Twitter Is a Hot Mess, What Is Snapchat Doing?

#9

Takes three paragraphs to get to the answer: Instagram stories. Snapschat is busy trying to remain relevant as Instagram one-ups it again and again. Other than teenagers using it to sext, Snapchat is largely useless compared to Insta.

Seems like the bigger theme in the article is that the company is being run by a child.

Edit: I should perhaps expand on this. TFA repeatedly mentions Spiegel's tender age and his inexperience, and it points out that one of his core management techniques is a thing he picked up in prep school.

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