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Pinterest S-1

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Re: Pinterest S-1

#121

Post by mruts »

deepVoid wrote: post #111
bigj0n wrote: post #90

Earlier quoted context omitted.

Why would China be the top market? America has a far bigger GDP and several times larger GDP per capita

"America has a far bigger GDP" It depends on how you calculate it. According to PPP, China has a GDP of 25 trillion vs the US of 20 trillion[1]. Yes, China has a bigger market and bigger GDP. If you calculate nominal GDP, China has ~14 trillion vs the US 20 trillion. US is bigger nominally, but not far bigger. [1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)

PPP isn’t at all relevant in this discussion. People like to just bring up PPP like it’s magic, but it’s not. You have to understand the situations in which PPP is relevant and the situations in which it means nothing at all.

Moreover, you have to understand why PPP exists in the first place. Let me give you a hint: it has to do with arbitrage.

Re: Pinterest S-1

#122

Post by alasdair_ »

usmannk wrote: post #76
huac wrote: post #74

Earlier quoted context omitted.

"We review the number of monthly active users (“MAUs”), which we define as a logged-in Pinterest user who visits our website or opens our mobile application at least once during the 30-day period ending on the date of measurement [...]"

hah, jynx

I read this as “hah, lynx” and was wondering why anyone would visit pinterest in a text-only browser.

Re: Pinterest S-1

#123

Post by mruts »

GordonS wrote: post #97
airstrike wrote: post #78

Earlier quoted context omitted.

From my Latin American perspective, I'd say it's due to way less disposable income in emerging markets and less of a consumerism mindset. America has the benefit of decades of intense consumerist propaganda to fend off the evil reds, while the biggest emerging markets are often very vocally against "Capitalism" (even if they would all love to own iPhones)

What about Europe, especially Western and Northern - plenty of disposable income to go round there?

Maybe, but America has relatively low taxes and high income.

This is an anecdote, but I was looking at developer jobs in Europe and the salaries are pathetic. 65k Euros for a senior engineer with a 50% tax rate? Are you fucking kidding me? I can make 250k in the US at a 35% rate. It’s absurd.

No wonder Europe has a brain drain problem...

Re: Pinterest S-1

#124

Post by lawrenceyan »

We depend in part on internet search engines, such as Bing, Google, Yahoo! and Yandex, to direct a significant amount of traffic to our service. For example, when a user types a query into a search engine, we may receive traffic and acquire new users when those search results include Pins, boards, Pinners and other features of our service that cause the user to click on the Pinterest result or create a Pinterest account. These actions increase Pinner growth due to signups of new users and increase retention and engagement of existing Pinners.

Our ability to maintain and increase the number of visitors directed to our service from search engines is not within our control. Search engines, such as Google, may modify their search algorithms and policies or enforce those policies in ways that are detrimental to us, that we are not able to predict or without prior notice. When that occurs, we expect to experience declines or de-indexing in the organic search ranking of certain Pinterest search results, leading to a decrease in traffic to our service, new user signups and existing user retention and engagement. We have experienced declines in traffic and user growth as a result of these changes in the past, and anticipate fluctuations as a result of such actions in the future. For example, in the first quarter of 2018, Google de-indexed our keyword landing pages, which negatively impacted traffic and user growth in the quarters that followed. Our ability to appeal these actions is limited, and we may not be able to revise our search engine optimization (“SEO”) strategies to recover the loss in traffic or user growth resulting from such actions. Changes in policies or their enforcement may not apply in the same manner to our competitors, or our competitors’ SEO strategies may be more successful than ours.

Seems like a horrible business to invest in when you're so utterly at the whim of someone else you have no control over.

Re: Pinterest S-1

#125

Post by adamnemecek »

wavesounds wrote: post #115

It's weird how HN has become so negative about every recent tech companies IPO. You would think this would be the one place on the internet where people would be excited and positive about this sort of thing. I don't get it, is it jealousy about missing the boat?

How is pinterest going public going to impact my life?

Re: Pinterest S-1

#126

Post by zepearl »

mruts wrote: post #123
GordonS wrote: post #97

Earlier quoted context omitted.

What about Europe, especially Western and Northern - plenty of disposable income to go round there?

Maybe, but America has relatively low taxes and high income. This is an anecdote, but I was looking at developer jobs in Europe and the salaries are pathetic. 65k Euros for a senior engineer with a 50% tax rate? Are you fucking kidding me? I can make 250k in the US at a 35% rate. It’s absurd. No wonder Europe has a brain drain problem...

Developers earn 250k USD/year in the US?

Any reference to the european "brain dead"-problem?

Re: Pinterest S-1

#127

Post by aclsid »

bigj0n wrote: post #90
aclsid wrote: post #83

Earlier quoted context omitted.

If that was the case, then China would be the top market. This has more to do with the fact that Americans are used to pay for software at a personal level, something that not even Europe is fully used to.

Why would China be the top market? America has a far bigger GDP and several times larger GDP per capita

Their economy is larger, and yes, bigger GDP than America. Per capita, US still leads, but since I'm not interested in a piss competition here, let me clarify.

The point of my reply was that saying that the US has more money does not explain the fact on why people in the US pays more for software than in the rest of the world, which I believe is the key issue when it comes to a social network ability to monetize international markets. You have rampant software piracy in Latin America, Asia and Europe. At least in the EU, things are better for business software. China is so notorious for piracy that a former head of Microsoft R&D for China said: "In China we [don't] have problems with market share. The issue is how do we translate that into revenue.".

Nowadays software companies in China have found success by giving away free games and selling coins and whatnot. So my whole comparison was that if China has a bigger economy (or smaller/similar if you feel offended by that fact), then how do you explain that even large companies like Microsoft are struggling in that market.

Re: Pinterest S-1

#128

Post by hazelnut »

lawrenceyan wrote: post #124

We depend in part on internet search engines, such as Bing, Google, Yahoo! and Yandex, to direct a significant amount of traffic to our service. For example, when a user types a query into a search engine, we may receive traffic and acquire new users when those search results include Pins, boards, Pinners and other features of our service that cause the user to click on the Pinterest result or create a Pinterest acco…

So many businesses failed before which relied on SEO. This one could go really bad if Google pulls the plug.

Re: Pinterest S-1

#129

Post by luckydata »

lawrenceyan wrote: post #124

We depend in part on internet search engines, such as Bing, Google, Yahoo! and Yandex, to direct a significant amount of traffic to our service. For example, when a user types a query into a search engine, we may receive traffic and acquire new users when those search results include Pins, boards, Pinners and other features of our service that cause the user to click on the Pinterest result or create a Pinterest acco…

Reeks of Yelp all over again.

Re: Pinterest S-1

#130

Post by cheriot »

aclsid wrote: post #127
bigj0n wrote: post #90

Earlier quoted context omitted.

Why would China be the top market? America has a far bigger GDP and several times larger GDP per capita

Their economy is larger, and yes, bigger GDP than America. Per capita, US still leads, but since I'm not interested in a piss competition here, let me clarify. The point of my reply was that saying that the US has more money does not explain the fact on why people in the US pays more for software than in the rest of the world, which I believe is the key issue when it comes to a social network ability to monetize inte…

> bigger GDP than America

Source?

http://worldpopulationreview.com/countries/countries-by-gdp/

United States 21,410,230

China 15,543,710

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